Lincoln Financial puts Concord office campus up for sale
Firm lists property at $6 million as it shuts down NH operation
Lincoln Financial Group, which for years was a major employer in Concord, has put its 178-acre 1 Granite Place property – including its two office buildings totaling 210,000 square feet off northern Rumford Street in Concord – up for sale. The listing price is $6 million.
The property is zoned for several uses, including commercial and residential.
Its two mid-rise office buildings are connected by an atrium. The South Tower, a 114,000-square-foot, four-story office building constructed in 1985 and situated on 34 acres. The North Building, a 96,353-square-foot, four-story office building constructed in 1975 which has a 15-year ground lease beginning in 2025 under lease until 2040 along with 23 of the 41 acres surrounding it. At the end of the lease, control of the property reverts to the owner of the South Tower.
The property was developed by Chubb Life, which later merged with Jefferson Pilot Corp.. In 2006, Jefferson Pilot was acquired by Lincoln Financial. For several years, Lincoln Financial, based in Radnor, Pa., has been consolidation operations and cutting its workforce in Concord and elsewhere.
Sue Ann Johnson, Thomas Farrelly and Denis Dancoes of Cushman & Wakefield of NH are handling the listing.