Thomson Reuters may sell all or part of Eagan campus

Academic publishing, phone off and then on again and now a real estate play. It’s all go at TR.

Here’s the blurb

Office park built for 7,000 people may soon have only 2,000 to 3,000 people in it each day, while the rest work at home.

Thomson Reuters is considering options for the 263-acre Eagan campus that is chiefly the headquarters of its legal products business, as company planners expect less need for space because employees now appear likely to continue splitting work between office and home.

The company may sell or reduce its presence in the office complex that, at 1.3 million square feet, is one of the largest in the Twin Cities. It has nearly the amount of space that the IDS Tower, the tallest skyscraper in downtown Minneapolis, does.

Paul Fischer, president of Thomson Reuters Legal Professionals and co-site lead for what the company calls its MSP Location, told employees in an e-mail recently that it is committed to maintaining its operations in the Twin Cities.

“The foundation of this project is simple — we want to create a modern, energized and collaborative work environment that fully supports our hybrid ways of working for our office-based roles,” Fischer said in the e-mail. “We are a best-in-class, global organization with deep roots in MSP, and we want to continue to provide our employees with a site where we’re all proud to work.”

A spokesperson for the company said that, while the company has made the decision to explore its options, the property is not currently being marketed.

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