We frequently have financial and investor-related news coming out of our Investors Real Estate Trust Blog. Here’s a recent News Release outlining some IRET acquisitions and construction projects.
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Re-post of story by: Dan Feldner – Staff Writer, Minot Daily News
Minot took a big step forward in its recovery from the devastating Souris River flood last June as MarketPlace Foods at Arrowhead Shopping Center reopened Wednesday morning to a throng of excited shoppers.
While the grocery store opened bright and early at 8 a.m., a press conference was held at 11 a.m. with local and state dignitaries on hand to share some remarks. After the press conference a ribbon-cutting ceremony was held in Arrowhead Shopping Center, then another one took place immediately afterward in MarketPlace Foods.
Along with a drawing for shoppers to sign up for, a light lunch, including an elaborately-decorated cake in the shape of the Arrowhead MarketPlace Foods grocery store, was spread out for everyone to enjoy.
The press conference took place in Arrowhead Shopping Center just outside the entryway to MarketPlace Foods, and was jam packed with people from wall to wall who were on hand to celebrate a large milestone in the city’s recovery efforts.
Tim Mihalick, president and CEO of Investors Real Estate Trust, which owns and operates Arrowhead, said the reopening of MarketPlace has been a long time coming.
“I know I speak for many, not only within Arrowhead but throughout the city of Minot, when I say it’s been a long road to get to the state of recovery where we are at today,” Mihalick said. “Though we have a long way to go in our efforts (to recover) from last summer’s Souris River flood, I am happy to be here among so many distinguished guests to celebrate the post-flood grand opening of Arrowhead Shopping Center as one sign that we are all moving in the right direction.” Continue reading
Minot, ND – March 19, 2012 – IRET Properties is pleased to announce the promotion of Cindy Fischer and Scott Smith to the position of Director of Commercial Asset Management.
In her role as Director, Ms. Fischer will oversee a diverse portfolio of 1,525,000 square feet of commercial real estate, including 30 medical properties in Minnesota and Nebraska. Ms. Fischer’s 15 years of experience in the industry have helped make her a valuable member of the IRET team over the course of the last five years.
Mr. Smith, who has also been promoted to Director of Commercial Asset Management, has been with IRET for four years and has over 26 years of experience in the real estate industry. His portfolio consists of more than 2,700,000 square feet of commercial Continue reading
The official poster of the Post Flood Grand Opening of Arrowhead Shopping Center.
Minot, ND – March 1, 2012 – IRET Properties, in conjunction with Market Place Foods and the numerous businesses of Arrowhead Shopping Center, is pleased to announce the post-flood Grand Opening Ceremony of the Arrowhead mall on Wednesday, March 28th.
Like the beloved neighborhood grocery store, Market Place Foods, many of the businesses that made their home at Arrowhead Shopping Center prior to the 2011 Souris River Flood are returning to spaces that are even better than before. State agencies such as the Department of Transportation, State Tax Department, and the Chamber-operated DMV have also returned to their offices at Arrowhead Shopping Center—much to the delight of residents busy rebuilding in the area.
A Press Conference and Chamber of Commerce Ribbon Cutting have been scheduled for Wednesday, March 28th, beginning at 11:00 a.m. in the Arrowhead Shopping Center to commemorate the return of the many businesses, state offices and neighborhood grocery store.
North Dakota Governor, Jack Dalrymple, will speak at the Press Conference as well as Keith Johanneson of Market Place Foods, IRET President & CEO, Tim Mihalick, and Minot Mayor, Curt Zimbelman. Continue reading
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