Costco, Meijer Like Twin Cities Properties
March 21, 2016 | 1 min to read
Two big-box retailers are expanding in the Twin Cities, one just arriving in the market and the other opening a new kind of outlet.
Meijer Inc. bought land in Brooklyn Park in the first of what local real estate brokers think will be at least four purchases to bring its superstore chain to the metro area. Meanwhile, Costco Wholesale Corp. bought a building in northeast Minneapolis that it will use for a store focused on small businesses rather than consumers.
Meijer, based in Grand Rapids, Mich., operates 223 stores averaging around 200,000 square feet in size, bigger than a SuperTarget. County records now list an affiliated firm as the owner of five adjacent parcels in the northeast corner of the intersection of Hwy. 610 and Zane Avenue N. that were previously owned by Opus Corp., a Minnetonka-based developer.
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