State Farm plans to further expand previously announced hub developments in Georgia and Texas, but employment here is expected to remain steady.The company plans to lease a fourth building at a hub in Richardson, Texas. State Farm also plans to expand another hub, a 4-acre development in Georgia, according to statements released Friday by the developer.
State Farm plans to add additional buildings and increase the number of employees there over the next decade.
"Hub facilities will be staffed with new hires as well as with a relocation of some existing employees from facilities across the United States. State Farm's corporate headquarters and large employee presence will remain in Bloomington. The company's employee level in Bloomington has and will continue to fluctuate around 15,000. All of State Farm Bloomington facilities remain fully utilized," State Farm said in a statement.
The company declined to give additional information.
In the Dallas area, State Farm initially intended to lease about 1.5 million square feet. Developer KDC announced Friday that it will build another 500,000-square-foot building to be leased by the insurance company in addition to three other buildings State Farm will lease in Richardson.
The Dunwoody, Ga., project is part of a 17-acre transit-based entertainment, office and retail district. State Farm currently employs about 5,000 people in the Atlanta metro area, but plans to have nearly 8,000 employees there in the coming years.
State Farm is also working on a $600 million project near Phoenix, with plans to lease about 1.9 million square feet of space.