Target is reportedly paying nearly $110 million to end a lease on its downtown Minneapolis office space, having previously agreed to rent the space until 2031.
The mega-retailer made the decision to end the lease at the City Center building last month, according to the Minneapolis Star-Tribune. Target moved its operations out of the building five years ago during the coronavirus pandemic, but never returned. Target had been in the building since it opened in 1983
A spokesperson for Target told the paper that the company is still committed to downtown Minneapolis. It had been the largest retailer in downtown Minneapolis until 2024 when it was overtaken by Hennepin Healthcare…