The business will be based in Minneapolis. John Nagle, presidentand CEO of Capital Growth, will manage this new entity. Propertiescurrently managed include University Park Village in Fort Worth,TX; Calhoun Square in Minneapolis; and Fountain Place in EdenPrairie, MN. Nagle says the new firm is actively pursuing newacquisitions and third-party management opportunities in theMidwest retail market.

Paul Andrews, CFO of Madison Marquette, says his company hasalways had a presence in the Minneapolis market. The partnership isaggressively looking for additional projects to provide operatingservices to or invest in together, Andrews says.

There are some specific properties being looked at, saypartnership officials. "We're pursing a number of existing closedmall acquisitions, as well as a number of packages of open-airshopping centers, some lifestyle and some power centers," Naglesays. "We're working on two large packages for acquisitions, aswell as several other portfolio opportunities."