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River Road Industrial Center |
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Fridley, MN
Colliers was hired to facilitate the sale, then was retained to lease and manage the facility.
Size
Value
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$19,000,000 ($9 per square foot)
Year Built
Unique Feature
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Largest industrial building in the State of Minnesota, 14' to 70' ceiling heights, on-site security, full service cafeteria
Client
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Commercial Development Corporation, St. Louis, MO (Buyer)
Challenge
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This enormous World War II era defense plant was occupied by the seller, BAE Stystems. The property contained environmental contamination which requires constant monitoring.
Result
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Mark Kolsrud, CPM, Jeff Patterson, CRE, and Matt Klein of Colliers, represented CDC in the purchase of the property. They communicated the complex environmental situation to the buyer and made them comfortable with the situation.
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