UnitedHealth Group Inc. completed the sale of its Eden Prairie OptumHealth division to an affiliate of Angelo, Gordon & Co., a New York-based private equity group that buys distressed assets, for $50 million. The sale comes shortly after UnitedHealth bought the property this past June for $39.5 million according to a Minneapolis/St. Paul Business Journal article. UnitedHealth has said that Optum will remain on the campus in a 12 year sale-leaseback deal.
The 90-acre campus is the former ADC Telecommunications headquarters and includes three buildings at 13625 and 13675 Technology Drive in Eden Prairie, MN. The campus has been renovated to house roughly 700 Optum employees that had previously been scattered at various sites throughout the area. UnitedHealth has announced that it is also planning a five-year, $250 million expansion near Highway 62 and Shady Oak Road in Eden Prairie. The 71-acre site will include 1.5 million square feet of office space, a parking ramp and room for light rail.
For more news and information visit Blumberg Capital Partners.
No comments:
Post a Comment