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Every city has a building that kills businesses. In many cases, it is
a restaurant. I recall a building in Madison that had restaurant after
restaurant open up, all of which failed in a year or so.
This building is the same thing, except on a much larger scale. It is
the building that kills corporations. Located in Eden Prairie off of
Highway 212, this was the home of Lee Data. Lee Data was a successful
maker of clone terminals for IBM mainframes. About the time they built
this building and moved in, the mainframe market started downhill, and
Lee Data never really caught on to the PC market. They rapidly went
out of business.
Next up was Northgate. They were a huge maker of IBM PC clones.
In fact, they were the Dell of their day, running head to head with
Compaq in the marketplace.
As they made it big, they moved into this building as their new world
headquarters and manufacturing plant. About that time, the computer
clone industry moved to southeast Asia, and both Gateway and Dell ate
Northgate's lunch. Northgate soon went out of business.
Then came Best Buy. At the time, they were a regional electronics
superstore going head to head with Highland Superstores and Team.
Best Buy moved into this building as their new headquarters with hopes
of taking their concept national. Instead, a disastrous decision to
get into movie rentals and computer problems brought them to the brink
of bankruptcy. Best Buy survived only because they were a public company
and could sustain huge losses until they got things sorted out.
So, the building that eats corporations has 2 confirmed kills, and 1 near
miss. Today, it sits empty after Best Buy moved out in 2003, waiting
for its next victim.
Note—as of January 2008, Supervalu is moving in this building,
apparently to be a new IT building and data center. Lets hope that
Supervalu does not meet the same fate as it predecessors.
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