Canada’s Thomson-Reuters has agreed to sell about 180 acres of an Eagan, Minn.,, mixed-use property to U.S.-based Ryan Companies.
The deal includes a 1.1-millin-square-foot office building, three data centres totalling 333,912 sf and 90 acres of undeveloped land. The site lies within the Minneapolis-St. Paul metropolitan area.
Toronto-based Thomson Reuters announced that its Twin Cities area office location will remain in Eagan but it will be relocated to a new site. The company’s print-manufacturing facility will continue operating at its current location in Eagan near the property under contract to Ryan Cos.
The printing plant was not included in the sale agreement.
Monte Stewart serves as Content Director - Canada for Connect Commercial Real Estate.
Based in Vancouver, British Columbia, Monte provides daily news coverage of major Canadian commercial real estate markets, including Vancouver, Toronto, Montreal and Calgary. He has written about the real estate sector for various media outlets and Avison Young since the early 2000s.
In addition, he has covered sports, general news and business for several leading wire services and publications, including The Canadian Press, The Associated Press, The Calgary Herald, The Globe and Mail, Research Money, The Daily Oil Bulletin, Natural Gas World and The Toronto Star.
Monte is active in his community as a youth basketball coach and raises funds for such charitable causes as Movember.