BRAINERD, MN-Sports Resorts International has put the drag strip, three-mile road course and 650 acres up for sale to concentrate on its manufacturing business in Michigan.
EDINA, MN-The 68,000-sf office building was nearly one-third vacant. United Properties, its owner, revamped it into a healthcare professional services building and now its 94% occupied.
BLOOMINGTON, MN-Target and General Mills are in the market for more space, perhaps as much as 300,000 sf, as vacancy rates are expected to improve in every submarket except Downtown St. Paul.
DULUTH, MN-Dress Barn will buy the small town apparel retailer, which has 464 stores in strip centers in 38 states. The new owner plans to add 20 new Maurices stores by the end of February and 30 to 40 new stores annually.
STILLWATER, MN-The purchase of 100,000 sf in the grocery-anchored mall represents the Cleveland area real estate investor's first property in the Twin Cities. Target and Cub Foods are shadow anchors.
EAGAN, MN-Two smaller Minnesota facilities are closed as a result of the new facility, which will help the Hightstown, NJ-based data security and regulatory compliance company expand.
MINNEAPOLIS-Jeff LaFavre comes from United Properties to become managing principal of the local office of Colliers Turley Martin Tucker, overseeing the brokerage, appraisal and property management divisions. He replaces Mark Reiling, who will build his company's investment real estate business.
MINNEAPOLIS-Minneapolis BOMA honors Normandale Lake Office Park's "contribution to quality, character of suburban Minneapolis office buildings." Developer United Properties and owner TIAA-CREF were honored as part of the recognition.
EAGAN, MN-Toll Brothers wants to build 73 townhouses and 36 single-family homes on the 38-acre site. The site is filled with manure and accepted the debris from the demolition of the old Metropolitan Stadium razed after the Metrodome was built in 1985.
MANKATO, MN-Xcel Energy has agreed to buy the energy from the plant, which is expected to be in service in 2006. Calpine has seven other plants under construction.