TMCnet News
Prime Therapeutics Breaks Ground on New 400,000 Sq. Ft. Facility in Eagan, Minn.Prime Therapeutics LLC (Prime), a pharmacy benefit manager (PBM) based in the Twin (News - Alert) Cities and serving 17 Blue Cross and Blue Shield plans nationally, broke ground on its new operations facility in Eagan, Minn. today. This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20170605006239/en/ 
Executives from Prime Therapeutics, United Properties, RJ Ryan and the City of Eagan break ground on the new Prime Therapeutics operations building in Eagan set up open in 2018. (Photo: Prime Therapeutics) The 400,000 sq. ft. facility will sit on approximately 40 acres in an office park south of Interstate 494 and east of Dodd Road in Eagan - adjacent to the new Minnesota Vikings corporate headquarters. It will be home to Prime's IT and operations teams and will be flexible enough to accommodate Prime staff from four existing locations while also allowing for future growth. Currently, Prime employs more than 3,600 employees with more than 2,000 in Minnesota. Prime will retain its Bloomington, Minn. office. Gordy Stofer, vice president of office development for United Properties - the real estate developer for the project, kicked off the groundbreaking event by saying, "We're extremely proud to be working with the Prime Therapeutics team to help them bring their vision of a more efficient and consolidated workplace to life. This 400,000 sq. ft. office building is one of the largest office projects currently being built in the Twin Cities area and is shaping up nicely." He also highlighted some of the new building's amenities and features, including:
Prior to the ceremonial groundbreaking, Eagan Mayor Mike Maguire rounded out the program by thanking Prime for choosing Eagan nearly 20 years ago and for continuing to choose Eagan. He noted, "There is a lot to be proud of in Eagan right now from growth in healthcare and technology jobs, to new retail and entertainment. I know I speak for the entire City Council when I say that we have always envisioned major quality developments in this sector, and you and United Properties are making that happen." Approximately 75 people attended the groundbreaking ceremony. Representatives included leadership from Prime, United Properties, construction contractor RJ Ryan, commercial real estate advisor JLL, architectural firm HGA, plus staff and elected officials from the City of Eagan, and other organizations that have helped along the way such as Greater MSP and Minnesota Department of Employment and Economic Development (MN Deed). Chris Rohrer, Managing Director, JLL said, "It has been a great experience to work with Prime. Collectively we developed an approach that increases the efficiency of their workplace, provides the flexibility to scale its operations for future growth and ultimately best addresses Prime Therapeutics' need for a world class facility for their employees." The project will be completed in 2 phases with the first phase to be completed and ready for occupancy by late 2018. The second phase is expected to be completed early 2020.
About Prime Therapeutics
About United Properties
View source version on businesswire.com: http://www.businesswire.com/news/home/20170605006239/en/ |
