Murphy: University of Minnesota buys $20M warehouse for future expansion

The University of Minnesota has acquired a large industrial warehouse on a 22-acre site next to its Minneapolis campus where it could one day expand. The property is at 701 24th Ave. SE in a building where the university leases about 23,000 square feet for its a bookstore distribution center and a small refrigerated storage space used by the school's Department of Geology core samples. The school valued the deal at $20 million, which included $17.975 million in cash plus a $2 million donation by...