Community Insurance Company | Ohio Headquarters



Property Description

The Property is leased in its entirety to Community Insurance Company. Community Insurance Company (S&P: A+), doing business as Anthem Blue Cross and Blue Shield, is a health insurance company that provides coverage to consumers in the State of Ohio. Community Insurance Company was founded in 1995 through the merger of Indianapolis-based Associated Insurance Companies and Cincinnati-based Community Mutual Insurance Company and is currently a core subsidiary of WellPoint, Inc. Situated on a 18-acre site in the Governor’s Point Office Park in Mason, Ohio, the Property consists of a Class A, three-story office building that totals approximately 213,000 rentable square feet of space.

Business Essential Attributes

The Property serves as the corporate headquarters for the Anthem Blue Cross Blue Shield plan of Ohio and houses the insurance plan President, and related functions including the accounting and finance, legal and related support personnel. In addition, the Tenant occupies the property directly adjacent to the Property (and connected by a common corridor) on a long-term lease expiring in February 2019. This adjacent property is utilized as a claims processing center specifically related to the State of Ohio plan and houses back-office functions supporting the Property.

Additional Property Information

The Property is located in the Northern Cincinnati submarket in the City of Mason. Mason is currently Ohio’s second fastest growing city and Warren County is Ohio’s second fastest growing county. The submarket has seen explosive growth over the past several years across all property types, largely due to its proximity to I-275, I-75 and being optimally situated between Cincinnati and Dayton.

Community Insurance Company | Ohio Headquarters

Mason, Ohio

PROPERTY AT A GLANCE

Property Type: Class A Office
Square Footage: 213,000

Leased: 100%
Lease Expiration: October 31, 2026
Renewal Option(s):
Four, 5-year renewal options at Fair Market Rate.
Rent Increase(s):
Flat
Tenant: Community Insurance Company (S&P: A+)
Parent: WellPoint, Inc. (S&P: A-)
Website*: www.wellpoint.com
NYSE*: WLP
*Website and stock ticker symbol are for WellPoint, Inc., the parent company of the tenant.