United Properties to Go “Spec” on Maple Grove Industrial Building
United Properties has closed on a site in Maple Grove where it is planning to build a large industrial building ‘on spec’ — meaning it’ll move ahead even without signed lease deals.
The Bloomington-based developer will begin construction Sept. 15 on what it calls the Red Rock Industrial Building, with 32-foot ceiling and 320,000 square feet of space, near the intersection of County Road 81 and 85th Avenue North. The company bought the site for $4.17 million from Maple Grove-based Raven Investments. Read more