NJM Insurance Group is said to be the largest provider of property-casualty insurance in the state. The new $48-million center will serve as its southern regional operations facility.
"[There are] currently [about] 180 employees in a leased facility in Hammonton, and they will move to the new location when it opens in December 2010," says a spokesman for NJM Insurance. "[The company] also will hire four to five employees for the branch of NJM Bank, which doesn't currently exist in Hammonton but will open in the new facility."
Gale has been involved in the pre-construction phase of the project since 2007. Situated on 56 acres purchased by the insurance firm, the building will consist of administrative offices, a call center, cafeteria, a central utility plant and a retail bank with a drive-up ATM. The structure will incorporate energy-efficient cooling, heating and lighting systems.
If the insurer decides to expand on the site in the future, the building's three-story atrium can connect with an additional 100,000-square-foot building. NJM also has offices in West Trenton and Parsippany.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- 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
Already have an account? Sign In Now
*May exclude premium content© 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.