"Our decision to redevelop the site is based on our intention to fulfill the highest and best use of the property," according to the company's secretary-treasurer William I. Blanchard. "Times change, and because this is a premier corporate location, this is the best use."

Architect for the new construction is Rotwein & Blake. The new building will feature a central computerized building management system controlling all HVAC, lighting and telecommunications.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.