ADM sells historic Minneapolis mill, operations to continue
September 01, 2003
by Emily Buckley
MINNEAPOLIS, MINNESOTA, U.S. — After deciding the capacity was not needed, ADM Milling Co. sold its historic Pillsbury A mill to a Minneapolis-based real estate developer, Schafer Richardson Inc., who will eventually develop the mill and grain elevator into a housing, retail and office space complex.
"While ADM intends to eventually discontinue operations at the facility, they have signed a leaseback to continue to operate the mill for the immediate future," Schafer Richardson officials said.
The mill, with daily flour milling capacity of 11,000 cwts (499 tonnes in terms of flour), was built in 1881 and is one of three ADM mills in Minneapolis. The Atkinson Division mill has daily milling capacity of 9,000 cwts (408 tonnes); the Nokomis Division mill has daily milling capacity of 8,500 cwts (386 tonnes).
The development company said that given the property’s "historical significance to Minneapolis and its Mill City heritage," it anticipated a multi-year, multi-phase process of renovating and converting the property.