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Ryan Companies Building Multilevel Industrial Project, Eagan, MN 55123

Ryan Companies: A former office campus southeast of the Twin Cities has a new owner and a major redevelopment plan. Toronto-based tech conglomerate Thomson Reuters sold its nearly 2.5 million-square-foot office building and 180-acre campus in Eagan, Minnesota, for $41 million to Minneapolis-based Ryan Companies. The deal earned a 2025 CoStar Impact Award for sale/acquisition of the year in Minneapolis-St. Paul, as judged by real estate professionals familiar with the market.

Its new owner plans to redevelop the 180-acre property. Ryan Companies has plans to build a multilevel industrial building with up to 3.6 million square feet, complete with 59 docks, 480 trailer stalls, parking for 980 cars, and four additional industrial buildings totaling 600,000 square feet. There are also plans to build 104 townhouses on 22 acres, along with a 10-acre park and a 6.6-acre conservation area. The city of Eagan has approved Ryan Cos.’ redevelopment plans for the former Thomson Reuters campus.

From commercial real estate project conception to completion and beyond, Ryan Companies puts its heart into creating spaces that bring your story to life.