Real estate investor buys Duro Bag factory for $3.15 million
September 26, 2012 at 7:00 am in Hudson Star-Observer
The Duro Bag factory that closed two years ago has been sold for $3.15 million, according to St. Croix County property records.
The buyer is Tom Elbert, a St. Paul real estate investor who has a history of turning vacant manufacturing plants into business incubators.
Among Elbert’s past projects is the former Kolpak refrigeration plant in River Falls, now a business incubator known as the River Falls Industrial Center.
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Congratulations Mr. Elbert and welcome to Hudson! You have defied the logic of the Hudson School board who recently reported that there is plenty of commercial space available in the east metro and that no one will bring their business to Hudson when so many other options exist in MInnesota. We are thrilled to have you in Western Wisconsin and wish you nothing but the best with your business venture!!
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