$3 million warehouse planned in West Duluth
A $3 million warehouse is planned at 38th Avenue West and Superior Street in Duluth. But no one's saying who is moving in just yet.
The Duluth Economic Development Authority agreed to sell the property for $315,000 this fall, and a purchase agreement states that the building will "facilitate the tenant's expansion in the city" and provide 33 jobs, though no tenant was identified. The 30,000-square-foot building will be made of precast concrete panels and feature office and retail space.
DEDA Executive Director Heather Rand said the developer is not ready to announce the tenant, and construction should get underway within a year of the sale closing.
Superior Industrial LLC is listed as the purchaser, though that is an offshoot of real estate developer Interstate Partners LLC, which has built office parks for various users and retail centers for the likes of Starbucks, Aldi and others.
"Formed in 2000 to acquire, develop and manage prime real estate properties in the Midwest, Interstate Partners has developed over 50 buildings totaling 5 million square feet of office, warehouse, service center, medical office and retail space," the firm describes itself on its website.
Messages left at the company's Eden Prairie, Minn., office were not returned.
American Engineering Testing had previously purchased the property but returned it to DEDA after market conditions "thwarted" the company's plans, per the purchase agreement.