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The six properties include Calhoun Square inUptown Minneapolis, Southdales Square in Edina, The Shoppew at Oak Park Heights, Plymouth Town Center, Fountain Place in Eden Prairie and Fischer Marketplace in Apple Valley. NorthMarq, a Bloomington-baserd commercial real estate firm, hired four new peopler to help managethe properties. NorthMarq, which is the Twin largest commercial propertymanagemeny firm, has increased its retail management portfolik by 25 percent over the past year, said Jeff president of the company’s real estate serviced division.
Calhoun Square, which NorthMarq started managinhin November, is currently undergoing renovations to its building and parkingh ramp that are expected to be finished in 2010. “It’sz a challenge to take over managemen t of a property during a perioe ofextensive renovations, but we’re confident that NorthMarq’sx personnel will make the transition as seamlesss as possible,” said Erik Grabowski, vice president of asse t management at New York-based investment managemeng firm , which owns Calhoun
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