PLYMOUTH, MN-The shutdown of the research and development facility at St. Paul Properties, Inc.'s 3550 Annapolis Lane is one of several restructuring actions taken by the Lisle, IL-based telecommunications equipment company.
MINNEAPOLIS-Completion of Target Plaza, a 1.8-million-sf two-tower complex, culminates Ryan Cos.' unprecendented three-block makeover. Three contiguous projects on Nicollet Mall create 3.5 million of office and retail space.
BROOKLYN PARK, MN-Wilsons The Leather Experts cites a tough retail environment in scaling back expansion next year to 20 stores, a fraction of what it had planned. It also will close 20 stores.
MADISON, WI-The owners of the 75,000-sf building plan to name it after AMCORE, which will open a 7,000-sf branch. Gialamas Co. says the Interstate 90 area is part of a growth corridor stretching into suburban Chicago.
MINNEAPOLIS-The restaurant chain specializing in barbeque beef, pork and chicken plans to expand its portfolio of 52 locations in 12 states. More than half of the locations would be owned by franchisees.
MINNEAPOLIS-Jim Montez and Chris Rohrer will work on leasing Marquette Plaza, the 534,000-sf former Federal Reserve building undergoing major renovation and expansion. Montez helped launch Grubb & Ellis' telecommunications group.
STEVENS POINT, WI-The 200,000-sf, $11-million building in the Portage County Business Park here was designed by Martinson Architects and built be Westra Construction. It will house phone sales, embroidery and distribution functions.
MINNEAPOLIS-The 210,000 sf retail-entertainment complex, expected to open in August 2002, is about 80% leased. The plan already includes a Renaissance Hotel, Crown Theaters movie complex and a GameWorks.
MINNEAPOLIS-The company sold SmartCabinet business to Stellent for $6 million in shares, only to see the value of those shares fall in half. Meanwhile, its four-property office portfolio is 83% occupied.
FAIRMONT, MN-Construction on the new facility is expected to start in the spring of 2002, and it will be ready handle 110,000 bushels of soybeans per day in time for the harvest of 2003.