New lease and additional lease extension with Fairview Health Services totals 20,000 sq. ft.
MINNEAPOLIS (Sept. 13, 2010) – United Properties announces that Fairview Health Services School of Radiation Therapy has signed a seven-year lease at Southdale Place, its four-story 68,385-sq.-ft. medical building in Edina, Minn. A division of Fairview’s Educational Center, the new tenant recently took occupancy of 5,900 sq. ft. on the fourth floor. Fairview Health Services also renewed a 14,400-sq.-ft. space on the second and fourth floors.
Fairview Health Services School of Radiation Therapy is coming to Southdale Place from Southdale Medical Center. Working with hospital radiology staff, the school was looking for academic and imaging space close to Fairview Southdale Hospital.
“We are fortunate that Fairview Health Services School of Radiation Therapy and Fairview’s Imaging Services are located at Southdale Place – it is such a conducive site for student education,” said Linda Dehrer-Wendt, program director, Fairview Health Services School of Radiation Therapy.
Fairview Health Services was represented by Steve Brown of NorthMarq’s Healthcare Advisory Group. United Properties is represented at Southdale Place by leasing agents Dan Nechanicky and Chris Jacobson of NorthMarq, which also handles the management of the medical office building.
About NorthMarq
NorthMarq offers commercial real estate services, including transaction and advisory services, real estate management, and debt and equity placements, to investors and occupiers of commercial real estate from its headquarters in Minneapolis.
The company manages more than 60 million sq. ft. of retail, industrial and office assets in 22 markets around the country, handles more than 7,500 transactions annually and provides real estate debt and equity financing, and commercial loan servicing in 32 offices coast-to-coast, with an average of $10 billion in annual production volume and services a loan portfolio of more than $39 billion. For more information, visit www.northmarq.com.
Media Contacts
Martha Nevanen
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952-893-7539
martha.nevanen@marquettere.com
Jessie Folkens
Sr. Communications Consultant
952-837-8516
jessie.folkens@marquettere.com
About United Properties
United Properties has been creating deep roots in the commercial real estate industry for more than 100 years. The company imagines new possibilities in real estate to help enrich communities and create lasting legacies. United Properties provides market expertise for ground-up development, redevelopment and acquisitions of value-add and stable investments. The company invests in and develops office, industrial, retail, mixed-use and senior housing properties. United Properties is owned by the Pohlad Companies and is headquartered in Minneapolis, with offices in Denver and Austin, Texas.
