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Fairview Inks 134,000 SF Sublease With Qwest

MINNEAPOLIS-The state's fourth largest hospital system will take over the five years left on Qwest Communications at two buildings in Stinson Technology Campus. Fairview Health Services exits 60,000 sf of leased space in other locations in the market.

By Jim McCartney | Updated on May 24, 2004

MINNEAPOLIS-Fairview Health Services, the fourth-largest healthcare provider in Minnesota, has signed a deal to move its corporate staff, data center and about 625 employees to northeast Minneapolis. Fairview has signed a five-year sublease with Qwest Communications for 134,000 sf in two buildings that are part of the Stinson Technology Campus, according to Jill Rasmussen, senior vice president of brokerage with Grubb & Ellis/Northco, a commercial real estate firm in Edina.

Rasmussen and Tom Immen, a vice president of Grubb & Ellis/Northco, represented Fairview in the deal while Doug Fulton of Northstar Partners represented Qwest.

The move will consolidate into one location some of the nonprofit healthcare company’s administrative functions, such as finance, real estate and data center and alleviate overcrowding at its Fairview-University Medical Center in the Riverside area of Minneapolis, says Steve Borgstrom, vice president and treasurer at Fairview. Some of the space will be converted to medical uses. The new deal will also allow the healthcare company to exit about 60,000 sf of leased space in various locations spread throughout Minneapolis, Borgstrom says.

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