Ackerberg has agreed to purchase Calhoun Square, a 170,521-square-foot shopping center located at 3001 Hennepin Ave.. in the Uptown area of Minneapolis.
The center was built in 1984 and renovated in 2008. Major tenants include LA Fitness, Kitchen Window, H & M, Famous Dave’s, BayStreet Shoes, Timberland and CB2.
In addition to a focus on leasing efforts, Ackerberg plans to overhaul the interiors of Calhoun Square and has engaged the services of architect and designer David Shea of Shea Architects. Ackerberg is also investigating improvements that can be made to what is referred to as the “Girard Meander,” a pedestrian-friendly walkway that begins at Calhoun Square, extends past the newly completed Walkway project and moves through Ackerberg’s MoZaic project, connecting Uptown residents and those visiting the area from the Midtown Greenway to the core of the area.
Terms have been agreed to on the purchase of Calhoun Square by Ackerberg from the seller. The expected closing date is early April.
