Michael F. ‘Mike’ Kelly Obituary

Kelly, Michael F. “Mike” The family of Michael F. “Mike” Kelly, 91, of Edina, MN and Captiva, FL, is saddened to announce his peaceful passing on May 8th. He was predeceased by his wife of 47 years, Mary H. “Peggy” Kelly; parents, Frank and Leona Kelly; and granddaughter, Alexandra Loncar. He will be fondly remembered by his children: Dr. Michele Herring (Andy), Michael Kelly Jr. (Gretchen) and Mary Anne Loncar (Frank); grandchildren: James, Matthew (Erin), Joseph (Amy) and Meghan Herring, Connor, Cormac and Cullen Kelly, and Lillie and Emma Loncar; new great-grandson Charles Herring; sister: Mary Leone Rieder (Jim) along with her extended family and friends. Mike is also survived by his beloved partner, Sue Touscany of Green Bay, WI. Mike grew up in Cloquet, Minnesota and graduated from the University of Notre Dame with a degree in finance. He then served for 2 years in the US Air Force reaching the rank of 1st Lieutenant. After his service, he attended law school at the University of Michigan where he met Peggy. He began his legal career at the JL Hudson Company in Detroit, Michigan. It moved to Edina, Minnesota in 1971 following the Dayton Hudson merger. Mike rose through the ranks of the Dayton-Hudson Corporation eventually becoming president of Dayton-Hudson Properties in 1977. With the backing of Dayton’s, its management team and private capital, Mike purchased the real estate operations of Dayton-Hudson in 1980 and founded The Center Companies, which included all of Dayton Hudson’s remaining real estate and operations, including, among other things, management of the heritage shopping centers, the Dales. In 1989, The Center Companies was the nation’s largest manager of commercial properties for institutional investors, with nearly 30 million square feet of properties and $2 billion in assets. In 1989, Mike sold the company to General Growth, creating one of the nation’s largest shopping center management companies. The following year he left and co-founded TCC Properties Group, Inc to provide property management and broader financial services. The company’s name was changed to Marquette Partners, where Mike served as President until his retirement. Mike has also been very active in commercial organizations, serving as President of the Urban Land Institute and as a member of the Board of Directors of the International Council of Shopping Centers. After retirement, Mike and Peggy split their time between Captiva Island, FL, Edina and Bay Lake, MN. Mike was very civic and charitable in both Minnesota and Florida, serving on numerous community boards in Minneapolis, Edina and Florida. He has supported several specific projects such as the expansions of the Edina Art Center (Peggy Kelly Media Center) and the Sanibel Community House. He was a member of St. Patrick’s Church (Edina), St. Mary’s Basilica (Minneapolis), Our Lady of Fatima (Garrison), and St. Isabel (Sanibel, FL). Mike loved music and was a longtime patron of the Minnesota Orchestra, Southwest Florida Symphony and Big Arts Sanibel. To all who knew him, Mike was a strong patriarch, a thoughtful business leader, a wonderful mentor, and a loyal friend. To his family, he was their beloved dad, who cherished, counseled and cared for them and always derived great joy from spending time with them, especially at his favorite spots on Bay Lake and Captiva Island. . Mike left a meaningful legacy and will be greatly missed. The family is forever grateful for the wonderful care given to Mike by all the staff at The Waters of Edina and Grace Hospice. Memorial donations can be made to the Edina Art Center through the Edina Community Foundation, edinacommunityfoundation.org, the Sanibel Community House, sanibelcommunityhouse.net, or the Bay Lake Improvement Association, baylake.org , the memorial service will be held at noon. at the Lakewood Cemetery Memorial Chapel on Tuesday, June 14, located at 3600 Hennepin Avenue, Minneapolis, MN 55408 (612-822-2171).

Posted May 29, 2022

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