UNITED PROPERTIES TO DEVELOP FIVE-BUILDING OFFICE PARK

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INVER GROVE HEIGHTS, MINN. — Minneapolis-based United Properties has received preliminary approval from the city of Inver Grove Heights for the development of Inverwood Business Park, a five-building office park located at the intersection of Highway 55 and Barnes Avenue. Once complete, the park will contain 470,627 square feet of office space. Groundbreaking is set to occur late this year or in early 2009. NorthMarq Real Estate Services will handle leasing at the park.

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