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United Properties Will Develop Grand Forks Retail Center

BLOOMINGTON, MN-The plan fits United's new

By Jim McCartney | Updated on October 24, 2000

BLOOMINGTON, MN-Despite residual concern over a flood that shatteredthe Grand Forks, ND economy three years ago, UnitedProperties has signed on to develop a retail centernext to a $60 million-plus ice arena that is underconstruction there.

The project on the University of North Dakota campusis part of the commercial realestate firm’s strategy of developing or buying grocerystore-anchored retail centers in smaller markets.Earlier this summer, the firm made its firstacquisition, First Center South, a 103,670-sf retailcenter in Fargo anchored by Sun Mart, a NashFinch grocery store. United is looking for similarprojects, either acquisitions or new development, inthe region between Chicago and the Missouri River,such as St. Cloud, Rochester, Mankato and Fargo.

The proposed center, to be called University Village GrandForks, could be up to 190,000 sf on a 36-acre tract ofland, says Bruce Carlson, United vice president ofretail development, who is leading the project. Theproject, which will be anchored by a 65,000 sf grocerystore, will be next to the Engelstad Arena, which isscheduled for completion in the fall of next year. Theland sits at the intersection of Gateway Avenue andColumbia Road, one of the busiestintersections in Grand Forks.

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