Phase I complete; Phase II on track to open spring 2019
MINNEAPOLIS, (December 4, 2018) – United Properties announced today that Phase 1 of the Prime Therapeutics’ LLC (Prime) new IT and operations campus, located at Interstate 494 and Dodd Road in Eagan, is now complete; Phase 2 is underway and on track with occupancy set to begin spring 2019. The 47-acre site overlooking Lake Shanahan is home to the new facility known as Prime Landing which will consolidate four of Prime’s current office locations in Minnesota. Prime is a pharmacy benefit manager serving 22 Blue Cross Blue Shield plans nationally.
“We are proud to partner with Prime Therapeutics on Prime Landing and pleased that approximately 900 employees have already found a new home in the Phase 1 portion of the project,” said Gordy Stofer, vice president, development, United Properties. Phase 2 occupancy is set to begin in the spring of 2019 – a full five months ahead of schedule.
Once completed, the entire facility will span nearly 400,000 sq. ft., offering state-of-the-art office spaces for employees of the growing pharmacy benefit management company.
Representing one of the largest office projects built in the Twin Cities this year, Prime Landing features a flexible, light-filled office environment with numerous conference rooms and meeting space options to promote internal mobility and collaboration. It also includes a meeting center featuring a 300+ seat auditorium for employee meetings; a fully-equipped fitness center and outdoor walking paths with views of Lake Shanahan; and a full-service cafeteria offering healthy, artisan food, a Caribou Coffee and visiting chain food options, with an expansive dining area and deck overlooking Lake Shanahan.
“The Prime development is part of the exciting and explosive growth happening in this area of Eagan,” Stofer noted. “This is a great example of United Properties’ ability to work on large, complex projects with a discerning client like Prime Therapeutics, and we are proud to support them as they consolidate four separate locations into this new, state-of-the-art facility at Prime Landing.” The final phase of the project will be completed in early 2020.
The project team includes:
- United Properties, lead developer
- HGA, architect and engineer
- R.J. Ryan Construction, general contractor – core and shell construction
- Greiner Construction, general contractor – tenant build out construction, and
- CBRE – investment sale brokers
About United Properties
United Properties has been creating deep roots in the commercial real estate industry for 100 years. The company imagines new possibilities in real estate to help strengthen communities and create lasting legacies. United Properties provides market expertise for ground-up development, redevelopment and acquisitions of value-add and stable investments. The company invests in and develops office, industrial, retail, mixed-use and senior housing properties. United Properties is owned by the Pohlad Companies and is headquartered in Minneapolis, with an office in Denver. For more information, visit www.uproperties.com or follow on Twitter at @UPDeepRoots.