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.
About United Properties
United Properties, based in Minneapolis, Minn., specializes in commercial real estate development and investment. Since 1975, United Properties has provided development services for the retail, residential, office, medical and industrial sectors. In addition to a large presence in the Minneapolis-St. Paul market, United Properties’ Colorado division develops retail properties as well as office and industrial buildings. Formed in 1916, the United Properties investments group acquires, manages, finances and disposes of the company’s real estate investments, which includes nearly 60 office, medical, industrial and retail assets in Minnesota, Wisconsin and Colorado. For more information, visit www.uproperties.com.