Construction is underway on a complex next to Arizona State University's football stadium that will be home to another of State Farm Insurance's multifunctional hubs. Officials with the Bloomington-based insurance giant joined state and community leaders in unveiling plans for a $600 million complex in Tempe, Arizona that includes five office buildings to be leased to State Farm. Also included in the 2-million square foot project are retail space and a 10-acre plaza. State Farm will lease almost all of the office space for claims, sales and other general services. This is the second such project announced by State Farm this month. On July 11, the company confirmed plans to build three major service hubs near Dallas, Phoenix and Atlanta. State Farm officials say the growth is being fostered by customer demands brought on by new technology. A total of 16,000 State Farm employees are expected to eventually work at the Tempe and Dallas hubs combined. The company expects little if any change to its Bloomington headquarters workforce. The Tempe facility will become available in two years with the entire complex completed by 2017.
(photo courtesy Sunbelt Holdings)
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