The Minneapolis journal., 1902-08-27
THREE LARGE TRANSACTIONS
Month Of August in the Real Estate MarketThe Men Who
-. Engineered the Dea-The Month of Activity.

that the title to the forty seven blocks IN
the addition was secured. This is consid-
cred the best trackage and storage propo-
sition left unsecured in the city. The
WabaSha Screen Door company at once
took large portion Of the tract. AL
though the company already had two fac
tories here, it was only after some hard
work on the part of Eugene M Stevens,
the investment broker and Mr.. Chute that
Minneapolis was selected as headquarters
for the company. The result is an i'm
mense manufacturing plant already under
way.
The Pacific Coast and Inland Lumber
company is allied indirectly with the Gen.
tral Storage company of Minnesota
Transfer and is an acquisition of value
to the city. More developments In the
Gurney Park district will be reported hs
the result Of negotiations on the part Of
Mr.. Chute.
Gas Light company's New Building.
Lester B. Elwood and Walter L. Badger
closed sale this month by which the
business district of the city will make
another move on the residence section.
Old residences must give way for the
building which is to be erected for the
Minneapolis Gas Light company on Sew
| enth between Hennepin and N1collet. The
sale was important in that it secures for
Seventh street model, modern business
| block. The sale was for the George
Lyman estate to Messrs. Badger and FL
wood for $4,000. part of the frontage
| was sold for the gas office site and the
| balance is held. Mr.. Badger is we'll known
| in connection with the Mitchell interests
Of Milwaukee, for whom he has erected
several buildings on Seventh and Henne-
| pin and for whom he recently purchased
tn, Oneida block. A notable sale was
made by him over a, year ago in the trans
fer of the Dayton block at Sixth and Mic
ollet to John S. Pillsbury at the highest
price ever paid per front foot on NicOllet.
| He developed the Dayton property in the
Blalsden revised addition which Is be-
coming a fashionable residence center.
He controls also the Dayton building at
| Seventh and Ncollet.
MIR. Badger and Mr.. Elwood are both
members Of the board and Mr.. Elwood' s
energies are perhaps the most assidu-
ously directed toward the development of
the boards activities for the good of the
city. He was a member of the executive
committee when the board was rejuve-
mated and is now a member Of the valu-
alton committee. Mr.. ElwOod as one OF
the present grand jury is doing much to-
ward the increase of real estate values.
He directs the affairs of the New York
Life building and negotiates the large
property transfers in which the Corser
Investment company, of which he Is vice
president, is interested. Mr.. Elwood has
cOnuucIed the purchase or some wholesale
sites now occupied by large buildings He
| prefers in many cases, however, to play
an unseen hand.
Cracker Factory Transfer.
Walter H. Perrott effected the lease o1
the former Lilibridge Bremner factory
and store building on Third street S from
A. Y. Merrill, representative Of the Lilli.
bridge estate, to the new independent bis.
cult company. The deal is important II
; several ways, not the least of which is
the securing for this valuable property or
long lease a company which is to ado
Z much to the wealth Of the city in wage.
alone 1t promises to be a prominent fac
tor in the manufacturing life of the CITY
The feature of Mr.. Perrott's deal was tn,
success with which the transaction wa,
A kept under cover until it was nearly time
4 for official announcement Of the com
\ pany's plans.