Boyum Barenscheer, a Twin Cities accounting and advisory firm that marked its 50th year in business in 2025, plans to consolidate its two Minnesota offices into a single new headquarters at Midway Innovation Center II in St. Paul. The move is expected to close out separate locations in Bloomington and Arden Hills in favor of one building at 2344 Energy Park Drive, bringing the firm's staff together under one roof for the first time in years. The headquarters has not yet opened, with construction and buildout scheduled for completion by September 1, 2027.
The new headquarters spans 43,346 square feet, according to ConnectCRE, which reported that the firm will occupy two of the building's three floors. That footprint is more than 6,000 square feet larger than the combined space of its former offices at 3050 Metro Drive in Bloomington and 1210 W. County Road E in Arden Hills, the outlet noted. As the Pioneer Press reports, the new office is designed to lean into a hybrid workplace model as the firm brings its people together in one spot.
Midway Innovation Center sits at the intersection of Highway 280 and Energy Park Drive, a two-building office and technology campus described by Transwestern as centrally located midway between St. Paul and Minneapolis — a geographic footnote baked right into the campus's name. Carlson Partners, the Edina-based brokerage representing Boyum Barenscheer in the deal, had advisors Tim Olsen and Sami Cowger handle the transaction on the firm's behalf, per the same ConnectCRE account. CSM, the building's landlord, was represented by Transwestern's Eric Rapp and JLL's Eric Batiza.
A Half-Century Milestone Preceded the Move
The consolidation follows Boyum Barenscheer's 50th-anniversary year in 2025. The firm traces its roots to 1975, when founders Norlin Boyum and Brian Barenscheer joined forces with a staff of five, according to Boyum Barenscheer. The firm has since grown into a provider of accounting, tax and advisory services for businesses and individuals, and the Pioneer Press reports it now employs more than 120 people offering accounting services to individuals, nonprofits and businesses.
Charlie Metzig serves as the firm's managing partner, according to Boyum Barenscheer's own account of its anniversary. The current consolidation brings the firm's Minnesota offices together under the Boyum Barenscheer name.
Office Market Context Behind the Timing
The move comes as the Twin Cities office market shows tentative signs of stabilizing after a rough stretch. Net absorption across the metro turned positive at 115,436 square feet in 2025, a sharp turnaround from a negative 1.55 million square feet the year before, according to REBusinessOnline. Class A asking rents across the region climbed to $34.14 per square foot by the fourth quarter of 2025, the outlet reported, even as the broader recovery remains uneven.
St. Paul's own office landscape reflects that unevenness. Select central business district properties posted 18.9% direct vacancy, versus 32.3% for the broader downtown CBD and 15.1% among best-in-class buildings, within a downtown inventory of roughly 5.8 million square feet, REBusinessOnline reported. Across the metro, the outlet characterized 2025 as looking more like stabilization than free fall, with companies choosing buildings that help them recruit and retain talent as hybrid schedules persist.
That shift in how companies use office space appears to be part of the calculus behind Boyum Barenscheer's consolidation, as the firm brings a growing, hybrid workforce into a single, larger St. Paul address rather than maintaining two smaller suburban footprints.
