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Former State Farm Insurance HQ For Sale

WOODBURY, MN-Binswanger has been hired to sell the 458,946-sf, three-story office building now called Woodbury Corporate Campus. State Farm is wrapping up a phased move of its regional operations to Nebraska involving 1,000 workers.

By Jim McCartney | Updated on April 03, 2005

WOODBURY, MN-Binswanger has been hired to sell the 458,946-sf, three-story office building that had been headquarters for the Heartland operations of State Farm Insurance Co. The building, located on 108 acres at 8500 State Farm Way, will be sold as the insurance company continues to transfer the bulk of its employees to Nebraska in a phased move announced two years ago.

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.

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