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Last Updated ( Tuesday, 28 January 2014 16:29 )
DATE_FORMAT_LC2=Tuesday,January 28 2014 12:00:00 am EST   
Fridley Market to Undergo $21 Million Renovation

FridleyNLFridley, Minn. — Tri-Land Properties Inc. is on track to complete the extensive renovation of the 20-acre Fridley Market by September. The $21 million redevelopment of the 165,000-square-foot center will include significant building, infrastructure, lighting and paving improvements, along with new construction. Tri-Land negotiated new long-term leases with tenants Cub Foods and Fridley Liquor Store, as well as updated their store layouts. Cub Foods downsized its former 104,000-square-foot location to a new 65,000-square-foot store.

New tenants at Fridley Market include Great Clips, McDonald's and Teppanyaki Grill. With the space reconfigurations, Tri-Land was also able to add two new 10,000-square-foot outparcels and 60,000 square feet of additional junior anchor space. Tri-Land controls a 2.5-acre contiguous parcel on the southern border of the site, and plans to build either 30,000 square feet of additional retail or a limited service hotel, for which the company has already received approval.


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