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SPS Companies to spend $3,100,000.00 to occupy 24,670 square feet of space in Mankato Minnesota.

SPS Companies to spend $3,100,000.00 to occupy 24,670 square feet of space in Mankato Minnesota.

March 31, 2023 Craig Etkin

Mankato, Minnesota — According to state and local development sources, SPS Companies plans to invest $3,100,000.00 to build out 24,670 square feet of new space in Mankato. The company plans to occupy the new space at 1201 N Riverfront Dr, in Mankato, on or about September 1, 2023. According to the company website SPS Companies, Inc. is a wholesale distributor of products and services for residential and commercial contractors specializing in plumbing, mechanical & industrial piping, heating, ventilation, air conditioning, refrigeration, roofing, sheet metal and fire protection. SPS has three divisions: Plumbing & Heating, Fire Protection, and Roofing & Sheet Metal. Our Plumbing & Heating division has seven locations: five in Minnesota (Duluth, St. Louis Park, St. Paul, St. Cloud and Mankato), one location in ND (Bismarck), and one in Colorado (Park Supply of Colorado). We also operate our SPS Kitchen and Bath Showrooms (formerly Minnesota Standard Showplace and Dakota Standard Showplace Showrooms) under this division, with showrooms in St. Louis Park, Mankato, and Bismarck. Our Fire Protection division has seven locations: two which operate as Pipe Fabricators (Maple Grove, MN and Oak Creek, WI) and five as SPS Fire Protection (Howells, NE, Johnston, IA, Davenport, IA, Wichita, KS, and Blue Springs, MO). This division offers products such as pipe fittings, valves, sprinkler heads, pipe hangers, and fire protection accessories. Our Roofing and Sheet Metal division is located in Newport, MN and operates as SPS Metals, formerly Interstate Manufacturing and Supply. This division is a one stop supplier to professional contractors specializing in roofing, architectural sheet metal and specialty copper since 1977.SPS Companies, Inc. has been an Employee Owned Company (ESOP) since 1989.

To learn more about SPS Companies, visit http://www.spscompanies.com/

Company Contact:
Erin Noeldner, Chief Operating Officer
https://www.linkedin.com/in/erinnoeldner/
952-929-1377

SOURCE: http://www.intelligence360.io
Copyright (c) 2023 SI360 Inc. All rights reserved.


Commercial Relocation
1, Commercial Relocation, Mankato, Minnesota, Outside MSA Area, SPS Companies

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Infinite Reality, an innovation company powering the next generation of immersive media, AI, and ecommerce, today announced a landmark real estate partnership with renowned real estate investment, development and management firm Sterling Bay to co-develop a 60-acre site in Fort Lauderdale into a next-generation technology and entertainment campus. This ambitious redevelopment—expected to open in 2026—will serve as Infinite Reality’s new global headquarters and is the cornerstone of iR’s long-term real estate strategy, which begins with this flagship project in South Florida. The public-private project marks one of the largest creative economy investments in the area to date, aiming to generate more than 1,000 new jobs with an average salary of six figures and deliver long-term economic growth to the region. Located at 1400 NW 31st Avenue on the site of a remediated former Superfund property, the development features over 100,000 square feet of Class A office space for media, tech, and enterprise clients. Construction is expected to begin in early 2026, pending completion of permitting and design phases.

In a statement John Acunto, co-founder and CEO of Infinite Reality said, “This isn’t just a headquarters—it’s the heart of Infinite Reality’s future. As a proud South Florida resident, this project is deeply personal to me.” “It’s about transforming a community I love into a global hub for immersive technology and creativity. We’re building opportunity, fueling innovation, and laying the foundation for a lasting legacy. Partnering with a world-class development firm like Sterling Bay ensures that this vision is realized at the highest level—and that Fort Lauderdale becomes a defining force in the future of the digital economy.”

In addition to serving as a corporate campus, the site will include flexible spaces for retail, production, digital broadcasting, and entertainment ventures. The development also includes educational initiatives in partnership with local institutions to train and hire future talent in STEM, immersive tech, and creative production. Infinite Reality is an innovation company powering the next generation of digital media and ecommerce through spatial computing, artificial intelligence, and other immersive technologies. Infinite Reality’s suite of cutting-edge software, production, marketing services, and other capabilities empower brands and creators to craft inventive digital experiences that uplevel audience engagement, data ownership, monetization, and brand health metrics.
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Kimberly-Clark Corporation, one of the world's leading manufacturers of personal care and hygiene products, will establish an $800 million advanced manufacturing facility in Trumbull County, bringing an anticipated 491 new high-quality jobs. For Kimberly-Clark, this new facility would be its first in Ohio and represents not just a strategic expansion, but a decisive step in doubling down on growth in the American market. Spread across more than one million square feet, the Warren facility will provide the manufacturing capacity needed to unleash future growth for Kimberly-Clark’s fastest-growing personal care categories that include Baby & Child Care and Adult & Feminine Care. Warren is in geographic proximity to roughly 117 million consumers and will serve as a strategic hub for the Northeast and Midwest regions. Construction is expected to begin this month and will take up to two years.

In a statement Tamera Fenske, chief supply chain officer at Kimberly-Clark said, “Our investment in Warren is a pivotal step forward in our North America business and strategy.” “By establishing a new, state-of-the-art manufacturing facility in Ohio, we’re enhancing our ability to serve millions of consumers across the Midwest and Northeast with greater speed, agility, and resilience. It’s a once-in-a-career opportunity to build a facility from the ground up that reflects the future of manufacturing, and with the support of local partners like JobsOhio, the Department of Development, Lake to River, Western Reserve Port Authority, and local governments, we have the unique opportunity to create high-quality jobs and long-term economic impact in the region.”

Based in Dallas and employing 46,000 people in 34 countries, the company’s portfolio of brands also includes Huggies, Kleenex, Scott, Kotex, Cottonelle, Poise, Depend, Andrex, Pull-Ups, GoodNites, Intimus, Plenitud, Sweety, Softex, Viva and WypAll. Its products are sold in more than 175 countries and territories.
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Snorkel AI announced general availability of two new product offerings on the Snorkel AI Data Development Platform: Snorkel Evaluate and Snorkel Expert Data-as-a-Service. These launches advance its mission to turn knowledge into specialized AI—helping teams move from prototype to production at scale by leveraging Snorkel AI’s programmatic data development technology. In addition, Snorkel AI announced it has raised $100 million in Series D funding at a $1.3 billion valuation, led by Addition. This new funding will fuel continued research and innovation in evaluating and tuning specialized AI systems with expert data.


In a statement Alex Ratner, Co-founder and CEO of Snorkel AI said, “We are seeing a surge of momentum around agentic AI, but specialized enterprise agents aren’t ready for production in most settings.” “Enterprises need domain-specific data and expertise to make this a reality. We’re excited to deliver on this need and help AI innovators develop expert data to bring their LLM and agentic systems into production with our new offerings, which round out Snorkel’s unified AI data development stack.”

Snorkel AI is building the Snorkel AI Data Development Platform for evaluating and tuning specialized AI at scale. Snorkel AI’s offerings, including Snorkel Evaluate and Snorkel Expert Data-as-a-Service, accelerate evaluation and tuning of specialized AI systems with expert data—helping teams move from prototype to production at scale by leveraging Snorkel AI’s programmatic data development technology. Launched out of the Stanford AI Lab, Snorkel AI’s platform is used in production by Fortune 500 companies, including BNY, Wayfair, and Chubb, as well as across the U.S. federal government, including the U.S. Air Force.
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