October 16, 2000
Progressive Insurance Company
will relocate their Southeast Missouri claims and operations offices to lease space in the
70,000 square foot Auburn Park Place building located at William and S. Mount Auburn Road
in Cape Girardeau.
The national insurance company founded in 1937 sold $6.1 billion in net
written premiums in 1999 and ranks number four as the largest writer of private passenger
auto insurance in the United States and the nations largest writer of private passenger
auto insurance through independent agents with more than 30,000 agencies selling their
insurance products countrywide.
The operations and claims facility will serve the Southeast Missouri area.
Tom Kelsey, broker with Lorimont Place, Ltd. handled the lease transaction and
represented Progressive. Auburn Park Place is owned by DSW Development Corporation
(a Drury Company) of Cape Girardeau. An early January 2001 occupancy date is
anticipated.
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