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COLLIERS INTERNATIONAL ANNOUNCES HISTORIC KIRKBRIDE CAMPUS AVAILABLE FOR REDEVELOPMENT

FERGUS FALLS, MINN., April 28, 2016 (GLOBE NEWSWIRE) -- The City of Fergus Falls, Minnesota, is seeking a developer, investor, or visionary group to purchase the 100-year-old Fergus Falls RTC, known as the Kirkbride Facility. Built in 1888, this historic landmark is the most complete intact example of "Kirkbride-inspired" architecture in the United States, and was placed on the National Register of Historic Places in 1986.

The architecturally-significant property contains over 500,000 square feet of existing facilities, and rests on 19 acres of land within the city limits of Fergus Falls. It is currently available for redevelopment, with millions of dollars of incentives available. Located at the hub of higher education for the region, the solid structure and sprawling layout of this property make it a prime candidate for Education, Health Services and Housing projects. Green and Clean Tech industries, as well as technology companies, will find the site flexible enough to incorporate modern facilities while retaining the historic character.

"The city of Fergus Falls has an architectural gem on their hands, and the right group could really take it and make it shine," states Dan Peterson, a Senior Associate with Colliers International | Minneapolis-St. Paul. "This is a once-in-a-lifetime opportunity to repurpose a historic facility in great condition, and bring it into the future so it leads to economic activity for years to come."

This is a time-sensitive opportunity, so interested parties are asked to visit www.kirkbridemn.com and contact Dan Peterson directly for more information on the campus.

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Colliers International Group Inc. (NASDAQ: CIGI; TSX: CIG) is a global leader in commercial real estate services with more than 16,300 professionals operating from 502 offices in 67 countries. With an enterprising culture and significant insider ownership, Colliers professionals provide a full range of services to real estate occupiers, owners and investors worldwide. Services include brokerage, global corporate solutions, investment sales and capital markets, project management and workplace solutions, property and asset management, consulting, valuation and appraisal services, and customized research and thought leadership. Colliers International has been ranked among the top 100 outsourcing firms by the International Association of Outsourcing Professionals' Global Outsourcing for 10 consecutive years, more than any other real estate services firm.
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CONTACT: Jennifer Schrader Senior Marketing Strategist Colliers International | Minneapolis-St. Paul 952 897 7763 jennifer.schrader@colliers.comSource:Colliers International