The space, which is built out and features office furniture,high-tech infrastructure and other amenities, is being offered at$22 per sf gross for a term of 10 years, says John McCarthy, a vicepresident at United Properties. McCarthy is looking to lease all ofthe space to one tenant, not split it up. "They are takingadvantage of underutilized resources-- it makes good businesssense," McCarthy says.

ADC makes connectivity equipment for some of the nation'slargest phone and cable companies, and was growing quickly duringthe late 1990s. Once the bubble burst, the company had downsizeddramatically and began laying off large numbers of people, leavingits headquarters less than half full. Some of ADC's research anddevelopment employees work at the wing to be marketed, and theywill be moved to other space on the campus. The wing to be leasedincludes ADC's cafeteria, but ADC employees will still have accessto it.

Although the market for office space in the Twin Cities remainstough, there are recent signs things are picking up, McCarthy says.United Properties put the vacancy rate at 18.3% for the Twin Citiesas a whole in the first half of 2004. The area around Eden Prairieis slightly better, at 16.4%.