Bloomington, Minn.-based Doran Companies just boosted its property management portfolio by five regional shopping centers.
That’s because officials with Robert Muir Company are closing the company’s operations and management offices in Edina, Minn. In doing so, the company is turning over daily management and leasing operations of the five regional shopping centers to Doran Companies.
Four of the five shopping centers are in Woodbury, Minn.: Woodbury Village, Woodbury Village Green, Shoppes of Woodbury Village and Tamarack Village/Woodbury. The fifth, Rivertown Village, is located in St. Cloud, Minn.
In all, the five shopping centers total about 1.5 million square feet of space.
Kristin Muir is handling the transition of the centers for Robert Muir Company. It makes sense that the Muir family is turning over the centers to Doran Companies. Kelly Doran, owner of the company, served as president of Robert Muir Company from 1992 to 2005, before leaving to form development, construction and property management business Doran Companies.
“It gives us great comfort to once again be connected to someone who had such great success working with our father in the past,” said Muir in her statement.
Doran Companies, with the addition of the Muir shopping centers, will now have more than 3 million square feet of combined Doran and Muir properties under its management.
Robert Muir Company employed 16 staffers in its Edina operations. Some of these staffers will be absorbed by the Doran Companies, though it is uncertain how many.
Robert Muir, chairman of Robert Muir Company, has retired. When he and Doran worked together, though, the Robert Muir Company developed millions of square feet of shopping centers. These developments included Oakdale Village in Blaine, Minn.; Rivertown Village in St. Cloud; Silver Lake Village in St. Anthony, Minn; Calhoun Commons in Minneapolis; and four shopping centers in Woodbury.
“I cherish the time I worked with Robert,” Doran said in a written statement. “He was a great mentor during the years we worked together, and he remains a great friend.”