News

Blocked Merger Freezes Aetna Moving Plans

Massachusetts Gov. Charlie Baker

Hartford can sleep easy tonight. Reports surfaced last week in both the Boston Business Journal and the Hartford Courant saying officials with Aetna were poking around Boston looking for office space for a new corporate headquarters. However, it appears the insurance giant’s blocked merger with Humana has stopped that. The Boston Herald reports talks with Gov. Charlie Baker, who led the wooing efforts, have died down.

Boston leaders, whom Baker identified in his State of the Commonwealth as being vital to bringing GE to the city from Fairfield, Conn., have not been included in the monthslong recruitment. It was reported the company had been looking at sites ranging from 150k SF to 400k SF for its HQ. Aetna has had a presence in Massachusetts since September of last year when it opened a Wellesley consumer business hub run by Gary Loveman, former president and CEO of Caesars Entertainment.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Boston Newsletters
Related Stories

Cross Ocean Partners, Fuller Realty Acquire 829K SF Houston Office Campus

Developers Line Up To Convert Boston Offices To Housing, But Most Still Stuck At Starting Gate

NYC Office Investor Warns It Could Go Under As Defaults Pile Up

Deutsche Bank Takes 5 Floors At Oaktree And Quadrant's Canary Wharf Scheme

Coconut Grove Office Flipped For $15M Gain After One Year

D.C.'s Office Market Is Getting A Makeover

State's High Court Allows $325M Boston Soccer Stadium Project To Proceed

Oxford Properties Pays $435M For Boston Office Tower, Eyes More Deals

AvalonBay, Equity Residential Selling Boston Towers As Part Of Merger Settlement

Suburban Industrial Campus Trades For $47M: The Boston Deal Sheet

Judge Rules FBI Can't Scrap Maryland Headquarters Plan

EXCLUSIVE: Opal Holdings' Former 700K SF Suburban Chicago Office Campus Hits The Market