David Carder with CB Richard Ellis Inc.'s Phoenix office tells GlobeSt.com that the lease will allow the Mayfield Heights, OH, auto insurer to merge several Valley offices into one location and provide enough room for 1,300 workers. Progressive currently plans to hire 400 more employees to staff its customer and policy service centers at the site, he said.
The insurance company is expected to move into Building 4 at 4425 E. Cotton Center Blvd. in January. Carder said the firm selected the location because its proximity to the Valley's freeway system and airport.
The Cotton Center, set on 64 acres, is comprised of eight buildings totaling 660,572 sf with tenants that include Bax Global, Siemens Building Technologies, pharmaceutical giant Kiermark, Wells Fargo Home Mortgage, Phelps Dodge, Clark American Checks, and the audio visual company AVR. Four additional buildings are planned for development at the center in the future.
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