The insurance company, the largest home and auto insurer in Minnesota, built the building in the mid-1990s. About 1,000 local jobs are expected to be cut as State Farm Insurance moved its main operations for Minnesota and five other states to Nebraska over the next several years. The Woodbury building houses State Farm's main operations center for Minnesota, Wisconsin, Iowa, North Dakota, South Dakota and Nebraska. State Farm said at the time it announced the consolidation that it expected the move to save about $26 million.
Philadelphia-based Binswanger says the building complex, now called Woodbury Corporate Campus, includes 36.3 acre east site with 18 acres of buildable area, a 9,150-sf full-service lunch room with kitchen and capacity to serve 436 people, on-site parking for 1,454 vehicles and a 22,000-sf storage area. Binswanger says it is "aggressively marketing this property to major corporate and single occupant office users, developers and regional operations."
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