State Farm Needs More Space

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In spite of leasing almost 1 million square feet of office space in the last year, State Farm is looking for more – about 100,000 SF more according to those involved in the process. State Farm, which has pledged to create 800 jobs in the next six months as part of its regional consolidation to Atlanta, has forced building owners to get creative when it comes to putting together big chunks of space to accommodate the insurance giant.

Rumors have been whirling that CBRE Global Investors is working to put together a block of space for them in their newly-purchased Three Ravinia, despite it being 93% leased. Sources say that CBRE has approached Allscripts, a medical software company, about an early termination of their lease in order to free up the 78,000 SF of space they have there. Reps from Allscripts declined to comment.

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