MINNEAPOLIS—Yesterday, GlobeSt.com reported that FirstIndustrial Realty Trust, Inc., a Chicago-based developerof industrial real estate, had just broken ground on a 142,290-square-foot speculativefacility in northwest suburban Brooklyn Park. And theCSM Corporation has also just decided that thetime is right to launch speculative projects in the increasinglyvibrant Twin Cities market.
The Minneapolis-based company plans to develop two speculativecommercial real estate projects — a 202,000-square-foot office andwarehouse facility in Brooklyn Park, and a 270,000-square-foot bulkwarehouse facility in Rogers, another northwest suburb.
All this activity is not exactly a surprise. At the end of lastyear, the Urban Land Institute released itsEmerging Trends in Real Estate 2014 and placedMinneapolis in its top 20 metro areas for overall investmentprospects and its top 10 for development prospects.
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Brian J. Rogal
Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.
