Cigna Corporation | Corporate Campus at Norterra

Property Description

The Cigna Corporate Campus is a two-building, three-story Class A campus consisting of 232,648 square feet located in Phoenix, Arizona, and is 100% leased to Connecticut General Life Insurance Company which is a wholly-owned subsidiary of the Cigna Corporation. Cigna Corporation is a global health service company and an S&P 100 Index component company that is ranked #103 on the Fortune 500 list in 2013.

Business Essential Attributes

The Property serves as a regional operations hub for the Cigna Medical Group and is the home office for Cigna’s top regional executives. This facility was established through the consolidation and centralization of operations from multiple other tenant facilities in the Greater Phoenix Area. As part of this consolidation the tenant invested considerable monies into the property including the addition of data center space, backup power generation systems, dedicated employee cafeteria and fitness center.

Additional Property Information

The property is located in the Deer Valley Submarket along Interstate 17, which is the area’s primary north-south freeway, with excellent freeway visibility and ready accessibility throughout the Greater Phoenix Area. The property is also adjacent to the numerous dining and retail amenities including the Shops at Norterra and Happy Valley Towne Center lifestyle centers. The Deer Valley Submarket is a highly sought after location for many corporations and is home to the highest number of Fortune 500 companies in the Greater Phoenix Area.

Cigna Corporation | Corporate Campus at Norterra

Phoenix, Arizona

PROPERTY AT A GLANCE

Property Type: Office
Square Footage: 232,648

Lease Expiration: July 31, 2023
Renewal Option(s):
Two 5-year options
Rent Increase(s): Commencing August 1, 2013: 2.25% annual base rental rate increases
Tenant: Connecticut General Life Insurance Company
Website: www.cigna.com
NYSE: CI*

*Connecticut General Life Insurance Company is a wholly-owned subsidiary of Cigna Corporation.