GEICO Plans New Digs in Tucson
The private passenger auto insurance company broke ground on a new office building in Arizona, which is slated to open late next year.
By Keith Loria
The groundbreaking ceremony
GEICO has broken ground on a new complex in The Bridges, a 65-acre planned technology hub in Tucson, Ariz. The company intends to move into the future 200,000-square-foot office building at the end of 2019.
Bourn Cos. is providing construction services for the three-story property to be built on 20 acres of land. Amenities are set to include an onsite cafeteria, modern open workspaces, a fitness center, a credit union and 20,000 square feet of patios and outdoor space.
Other partners in the development include Sun Corridor Inc., Renaissance Cos., the Arizona Commerce Authority, Pima County and the City of Tucson.
GEICO intends to bring in at least 700 new associates over the next few years in its new home. The company already employs about 1,500 workers who manage insurance operations for approximately 1.4 million customers in seven states—Arizona, Nevada, Utah, Oregon, Washington, Idaho and Montana.
Creating a Major Tech Hub
An Arizona Technology Council study revealed that technology employment growth in the state outpaced California and other Southwest states in the growth of tech firms in 2016. With more than 8,000 tech firms, it accounted for more than 168,000 jobs and paid $15.7 billion. Those numbers were expected to increase for both 2017 and 2018.
The Bridges is located at the corner of Kino Parkway and Interstate 10. When completed, The Bridges will offer more than 2 million square feet of lab and office space.
A rendering of Geico’s future office building
“We’ve been working with GEICO for a long time to find just the right location for their new regional headquarters to keep GEICO in Tucson and we think we hit the mark with The Bridges,” said Don Bourn, Bourn Cos.’ founder & CEO, in a prepared statement. “With its central location, abundance of amenities and dynamic mix of uses, The Bridges is poised to be one of the most desirable employment hubs in Tucson.”
GEICO leases several spaces across the U.S., including at Bay West, an office campus in Tampa, Fla., that recently changed hands for $20 million.
Images courtesy of GEICO
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