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NEWS RELEASE

Mid-America Real Estate-Minnesota Acquires Park Midwest Commercial RE in Strategic Merger

MINNEAPOLIS  (February 16, 2010) – Mid-America Real Estate-Minnesota LLC, a branch of Chicago-based Mid-America Real Estate Group, recently acquired Park Midwest Commercial Real Estate in a deal that merges the two Minneapolis-based companies under the Mid-America Real Estate-Minnesota banner. According to Richard Spinell, a Principal at Mid-America Real Estate Group, the merger was effective Jan. 1, 2010, with both companies moving into new offices at 5353 Wayzata Blvd. in Minneapolis.

Park Midwest Commercial Real Estate has provided real estate management, development, leasing and brokerage services in the Minnesota market since 1970.  Douglas Sailor, a business veteran with over 20 years experience in the retail industry, headed up Park Midwest before the merger and has been named Partner for Mid-America Real Estate Minnesota LLC.

“This is a very strategic acquisition that continues our philosophy of specializing in retail,” says Mr. Spinell.  “Mike Sims, our existing partner for the Mid-America Minnesota office, will continue to focus his team on retail tenant representation and Doug will oversee property management, leasing, accounting, and construction management for our shopping center owners.”

The newly merged Mid-America Real Estate Minnesota office has 17 employees and will provide leasing and management services for approximately 2.0 million square feet of retail space throughout the region. 

“We look forward to having the opportunity to better serve our clients in Minnesota and the Upper Midwest with our full-service office.” says Mr. Spinell. 

Mid-America Asset Management, Inc. and Mid-America Real Estate Minnesota LLC are members of Mid-America Real Estate Group, a ChainLinks affiliate. Mid-America Real Estate Group is a full-service retail real estate organization that has become the Midwest’s leader in retail investment sales. For more information, call (630) 954-7300 or visit www.midamericagrp.com.

WEB LINKS for further research on Mid-America Real Estate Group    
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PRESS CONTACTS representing Mid-America Real Estate Group

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