Construction at InverPoint will begin this summer
MINNEAPOLIS (May 23, 2013) – United Properties will begin developing InverPoint with the construction of a 130,000-sq.-ft. speculative industrial building. InverPoint is located at Hwy. 55 and Barnes Ave. in Inver Grove Heights, Minn. Groundbreaking is scheduled for this summer.
United Properties received approval from the City of Inver Grove Heights in 2007 for the industrial business park. When fully developed, the total project will include 470,672 sq. ft. of industrial space in five buildings. Plans for this first office warehouse building call for 24-foot clear ceilings.
The United Properties development team of Bill Katter and Brandon Champeau are overseeing the development project.
Media Contacts
Jessie Folkens
952-837-8516
jessie.folkens@marquettere.com
Martha Nevanen
952-893-7539
martha.nevanen@marquettere.com
About United Properties
United Properties has been creating deep roots in the commercial real estate industry for more than 100 years. The company imagines new possibilities in real estate to help enrich communities and create lasting legacies. United Properties provides market expertise for ground-up development, redevelopment and acquisitions of value-add and stable investments. The company invests in and develops office, industrial, retail, mixed-use and senior housing properties. United Properties is owned by the Pohlad Companies and is headquartered in Minneapolis, with offices in Denver and Austin, Texas.
