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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