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MINNEAPOLIS—The Twin Cities have rapidly developed into one of the nation’s healthiest real estate markets. The most recent version of the Urban Land Institute’s publication Emerging Trends in Real Estate ranked the region 9th among 50 US metro areas in terms of development prospects. And Minneapolis-based Hyde Development recently did its part to maintain that reputation by launching a huge infill project at Northern Stacks, a historic industrial site a few miles from Minneapolis’ downtown, that will transform an underutilized 122 acres into a modern business park.

“The supply is extremely tight right now and companies that are expanding don’t have a lot of opportunities,” says Jason Simek, a senior associate with Colliers International

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