HomeMy WebLinkAboutItem 05.aMay 16, 2011
Overview
Spotlight on Business
Metro Equity Management
Item No.
The Spotlight on Business program is designed to recognize new and existing commercial and
industrial businesses in the Lakeville community. Upcoming Spotlights this year will be
featuring a variety of businesses located in Downtown Lakeville. The program is also designed
to emphasize, for residents, the important tax and employment benefits that business and
industry provide to the community.
Metro Equity Management will be featured at the May 16 City Council meeting. Community &
Economic Development Director, Dave Olson will present the information on Metro Equity
Management, and owner Mark Hotzler will be present to accept this recognition.
Metro Equity Management is a Lakeville company that owns, leases and manages over one
million square feet of commercial real estate in the Upper Midwest and Florida. Having located
in the Downtown Lakeville Mall (now called Holyoke Crossing) in 2007, they moved last spring
to an office building they purchased just south of Downtown on 210 Street.
While they own properties in Florida, Apple Valley, Stillwater, Blaine and Minneapolis, they are
mostly known locally for their presence in Downtown Lakeville and their key role in keeping it an
active and vibrant place.
By working with a variety of tenants ranging from small business entrepreneurs to large national
companies, Metro Equity Management interacts with many faces of both the local and national
business community.
As a true community partner, Metro Equity Management is involved with the Downtown
Lakeville Business Association, Pan 0' Prog, the Lakeville Area Chamber of Commerce,
Downtown Holiday events and other projects including the recent mural on the north side of
Market Plaza depicting Historic Lakeville.
Metro Equity also provides a job and tax benefit to the community. They employ 10 people in
their office, and the buildings they manage in Downtown Lakeville are home to over 150
employees of the various businesses located there.
Adam Kienber
Economic D
elopment Specialist
Financial Impact: $ 0 Budgeted: Y/N Source:
Related Documents (CIP, ERP, etc.):
Notes: