MINNEAPOLIS-The discount retailers will open 10 stores in the Midwest, but none in Minnesota. Meanwhile, speculation on Target entering Canada through acquiring Hudson's Bay is discounted.
INVER GROVE HEIGHTS, MN-The cross-dock facility will serve the eastern half of the Twin Cities, as well as Rochester and Hudson. The grocery home delivery company will add 50 employees to manage the facility.
BLOOMINGTON, MN-The 88-year-old commercial real estate firm is rewarded for adapting to the tough economic cycles by focusing on new niches, such as grocery-anchored retail, healthcare facilities and senior housing. United CEO Boyd Stofer accepts the award Oct. 20 at NAIOP's annual meeting in San Diego.
CHANHASSEN, MN-The 103,800-sf DataLink Headquarters is sold to local investor Swervo Development Corp. by Safe Harbor Properties Exchange. The namesake tenant has eight years left on its lease.
BLOOMINGTON, MN-Patty Proshek becomes managing director of client accounting at CB Richard Ellis' Twin Cities offices. Proshek's 104-member team supports most of CB Richard Ellis' business in the eastern and central US.
ROSEMOUNT, MN-A redevelopment plan includes re-routing streets, buying and moving businesses, putting a new library into an old church and changing the look of the 13-square-block area. The lead developer of the 624-unit housing project is Contractor Property Developers Co.
ROSEMOUNT, MN-A planning consultant, Landform of Minneapolis, recently filed plans with the city to build an Applebee's brand restaurant on County Road 42 at Cimmaron Avenue. The project will be reviewed by the planning commission July 27.
MINNEAPOLIS-The long-time owners of the signature Downtown building survived the exit of two key tenants, American Express Financial and Target Corp. Rreef recently sent a letter to tenants notifying them the building will be put up for sale this fall.
ST. PAUL-Compass Financial of Little Rock, AR hires GVA Worldwide Investments to sell newly renovated, 120,797-sf office building located at 1125 Energy Park Dr. Mid-Continent Area Power Pool has nine years remaining on its lease, with a five-year option.
ST. PAUL-Menlo Park, a new biotech incubator, signs the start-up biotech firm to office and lab space. Owner David Reynolds also lands RST Implanted Cell Technology and a protein technology firm called Zoltan for the 61,000-sf former state crime lab building.