John Allen of the Industrial Equities development company is the new owner of the JLT property at the northeast corner of I-694 and East River Road, according to Finance and Commerce (a subscription-only article):
Minneapolis developer John Allen has paid $1.375 million for a long vacant Mississippi River site in Fridley that Jerry Trooien’s JLT Group lost to receivership.
That's confirmed in Anoka County property records for the property (see PDF):Owner INDUSTRIAL EQUITIES RIVER ROAD LLC Last Sale Date 12/28/2012 Last Sale Price 1,375.00 Property ID 22-30-24-42-0004 Address 5601 E RIVER RD NE , FRIDLEY, MN 55432-0000
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