Target Pays $110M to Exit Minneapolis Office Lease

For nearly five years, almost one million square feet of former Target office space in downtown Minneapolis — where the retail giant is headquartered — have sat largely vacant, even as Target continued paying rent, The Minnesota Star Tribune reports.

Now the retailer has written a check for nearly $110 million to formally break its City Center tower lease, which had been scheduled to run through 2031.

Target vacated the 51-story tower at 33 S. 6th St. in 2021 as remote work reshaped corporate office needs…

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