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UP Goes Big in Minnesota

MINNEAPOLIS—In this UPDATE, Brandon Champeau explains why UP ditched plans for two smaller spec buildings in favor one of the region's largest industrial projects.

By Brian J. Rogal | Updated on September 14, 2014

MINNEAPOLIS—As reported in GlobeSt.com, United Properties just closed on the land acquisition for its Red Rock Industrial Building, a 320,000-square-foot speculative project in suburban Maple Grove. The company will begin developing the facility, near the intersection of County Rd. 81 and 89th Ave. North, today and plans to finish by June 2015.

“We have a great story to tell prospective tenants,” Brandon Champeau, vice president, tells GlobeSt.com. There are not too many pieces of vacant land ready for development in the immediate area, he points out. “The next place to go is in Rogers, and we think our site has a clear location advantage being 10 miles closer to the downtown core. Hopefully they will look at our site first.”

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