The Hartford Financial Services Group said today it will shut down its Simsbury campus over the next two years and move 1,500 employees to offices in Hartford and Windsor.
The property-casualty insurer will put the 33-acre campus and four-story, 640,000-square foot building and attached data center on the market. In addition, the company will sell an additional, 140 acres immediately north of the main campus.
The Hartford purchased the building in 2010 for $46 million, according to a search of town records by my colleague Nick Rondinone.
The property was developed for The Hartford in the mid-1980s, but until 2010, the insurer didn’t own the building, just the land where it was located.
The Hartford told me today the decision comes as the Hartford-based insurer continues to consolidate its office locations. In recent years, it has closed and consolidated offices in Southington and Farmington.
The Hartford recently completed the sale of three business units, reducing the number of employees in Simsbury.
“We selected Hartford because it has been the company’s home for more than 200 years, and we have ample space here for employees,” Shannon Lapierre, a spokeswoman for The Hartford, told me. “We selected our Windsor facility because of size, layout, technology features and energy efficiency. It’s the right fit for the current and future needs of our business.”