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Article: ON BUSINESS; An appetite for growth; The state's first hummus factory now operates in Minneapolis where a bar once stood - part of Majdi Wadi's ever-expanding Holy Land business. He is a major investor along Central Avenue.(BUSINESS)
- Article from:
- Star Tribune (Minneapolis, MN)
- Article date:
- October 6, 2009
- Author:
CopyrightCOPYRIGHT 2009 Star Tribune Co. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: NEAL ST. ANTHONY; STAFF WRITER
Holy Land Brand Inc. CEO Majdi Wadi furthered the commercial renaissance of Minneapolis' Central Avenue corridor and the Minnesota manufacturing economy last week when he opened the state's first hummus factory, a sparkling-new facility that produces 60,000 eight-ounce containers a month in what had been a crummy bar on 25th Avenue NE.
"We paid $1.25 million for the old Sully's Bar (in 2007), which was appraised at $950,000 by the bank," said Wadi. "We were shocked by the drugs and prostitution. But now, Holy Land has another business that is good for our neighborhood and city.
"Hennepin County rewards me ...