Breaking News: Hammond Exchange Has a Buyer
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Sources confirm that State Farm has purchased Hammond Exchange for more than $45M. It seems the insurance giant is moving closer to a consolidated campus in Central Perimeter that may involve additional build-to-suit buildings, given the Hammond transaction includes land for development. It leased 250k SF there a few months ago, along with deals at other Central Perimeter office buildings, including The Terraces. (State Farm ensures it's a good neighbor by owning so many buildings that it becomes its own neighbor.)