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ROCHESTER — A longtime name in downtown Med City is set to move to the northwest quadrant.

Smith Schafer, one of Minnesota’s largest accounting firms, is moving its team Saturday to the second floor of a newly completed office building at 2575 Commerce Drive NW.

The move means leaving its high-profile location in downtown Rochester, where the company has been based for 27 years on the ground floor of the

Hotel Indigo/former Holiday Inn at 220 S. Broadway.

“Our new office will accommodate our growing team and support our customer service goals,” said Greg Epson, managing director of Smith Schafer’s Rochester office, when the move was announced. “As Smith Schafer continues to grow and provide more services to local businesses, it was important that we find a location that meets the needs of our customers and our team.”

The company, which has approximately 100 employees in three Minnesota offices, was founded in Rochester in 1971. Smith Schafer has 45 employees in Rochester, who will be based in the new office.

The 12,000 square foot office has six conference rooms each named after Minnesota state parks. The theme for the conference room was decided after a staff naming contest and local photographs taken by team members will be used to decorate them.

It is equipped with sit/stand desks for staff “to promote a healthy work environment,” according to a statement from the firm.

“Our new office will leverage the latest technology to support our hybrid work-from-home policy and provide a collaborative setting for our staff and clients,” Epsom wrote.

While Smith Schafer rents the entire second floor, the first level is occupied by Huber eye care and Baird. Baird is a Wisconsin financial management company.

Smith Schafer, Huber and Baird occupy the 23,500 square foot complex built by North Rock Real Estate as an identical twin to the neighboring office building, which North Rock opened in 2019.

Jeff Kiger tracks business activity in Rochester and southeastern Minnesota every day in “Heard on the Street.” Send tips to

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