Business Services Industry

Progressive on land hunt. (Progressive Corp)

Crain's Cleveland Business, July, 1997 by Bullard, Stan

Sources say auto insurer seeks 90-100 acres for new campus In a move reminiscent of its real estate site searches in the late 1980s, Progressive Corp. of Mayfield Village is in the hunt for a huge land parcel for an additional office campus. Three real estate sources familiar with Progressive's activities say the fast-growing auto insurer is looking for a 90- to 100-acre parcel in the eastern or southern suburbs to provide a home for more office buildings.

All three sources requested anonymity. One source said the size of Progressive's appetite for land indicates another real estate megaproject may be in the offing. Such a large parcel, if fully developed, could incorporate upwards of 2 million square feet of office space. Charles Chokel, Progressive's chief...

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