Kwik Trip to Lead Rochester Development
ROCHESTER, Minn. -- Kwik Trip Inc.'s real estate arm Northwest Investments is playing a prominent role in developers' plans to transform some northwest Rochester corns fields into an 108-acre retail and industrial complex with stores, restaurants and manufacturers, according to the Post-Bulletin.
"We consider this to be the key property on the west side," said Hans Zietlow of the La Crosse, Wis.-based Kwik Trip. "It is not our usual method, but we have been developers before. This is an excellent site we are willing to be developers to make sure we get where we want to be."
The rough development plan also includes possible spots for a grocery store, two or three restaurants, a retail center, a pharmacy, a bank, two warehouses and a future phase for 1.5 million square feet of industrial sites, the newspaper reported.
"We don't want to be a landlord. We will build our store, the roads and the infrastructure," Zietlow said. "The rest we will sell as development pads."
Grading of the site is expected to start in the fall. Northwest Investments has the land under contract and is scheduled to close on the purchase in the fall.
"There are a number of different grocery stores looking at the site. Clearly, there is a grocery void in that part of Rochester," he told the newspaper.
Related News:
Kwik Trip to Benefit from La Crosse Worker Training Grant
Kwik Trip to Get NCR DVD Kiosks
"We consider this to be the key property on the west side," said Hans Zietlow of the La Crosse, Wis.-based Kwik Trip. "It is not our usual method, but we have been developers before. This is an excellent site we are willing to be developers to make sure we get where we want to be."
The rough development plan also includes possible spots for a grocery store, two or three restaurants, a retail center, a pharmacy, a bank, two warehouses and a future phase for 1.5 million square feet of industrial sites, the newspaper reported.
"We don't want to be a landlord. We will build our store, the roads and the infrastructure," Zietlow said. "The rest we will sell as development pads."
Grading of the site is expected to start in the fall. Northwest Investments has the land under contract and is scheduled to close on the purchase in the fall.
"There are a number of different grocery stores looking at the site. Clearly, there is a grocery void in that part of Rochester," he told the newspaper.
Related News:
Kwik Trip to Benefit from La Crosse Worker Training Grant
Kwik Trip to Get NCR DVD Kiosks