Prime Therapeutics, which in 2019 opened a 400,000-square-foot corporate campus in Eagan, has put the space up for sublease.
Axios reports on the move by the pharmacy benefits manager, which is one of the largest privately held companies in Minnesota and employs more than 2,000 people in the Twin Cities. Consolidating those workers in one office was one of the goals of the two-building Eagan project. But the company said that under its post-pandemic work structure — dubbed “Hub and Home” — employees will be in the office 50% or less of the time. A spokesperson told Axios that some employees only come to the office a few times a year. Nearly all the current open jobs at Prime are categorized as remote.
Prime Therapeutics has hired real estate firm CBRE to market the space. The amount of space up for sublease isn’t listed, but Axios, citing unidentified sources, said the entire campus is available.
Prime isn’t the only company to rethink its real estate needs in an era of remote work. Optum, the health-services unit of insurance giant UnitedHealth Group Inc., is looking to sublease 628,000 square feet in two south-metro buildings, while Target Corp. is seeking to unload more than 800,000 square feet of space in the City Center building in downtown Minneapolis.
