Cigna's building in Hooksett

Cigna plans to sell its building at 2 College Park Drive and will have most employees work from home

HOOKSETT — Cigna plans to sell its office building on College Park Drive and have the majority of its approximately 250 employees work from home.

“In an effort to drive deeper value for our clients and customers, we intend to sell our Hooksett building. We do not plan any job eliminations because of this decision,” the company said in a statement Thursday.

Some workers will transition to another building in Hooksett but the company does not have an exact number.

“The majority of our employees will be transitioned to work-at-home status,” the statement reads.

The company bought the 97,200-square-foot building at the corner of College Park Drive and Hooksett Road for $1.4 million in 1993. The assessed value is now about $8.1 million, according to Hooksett assessors records.

More companies are offering remote working perks, according to Michael Skelton, president and CEO of the Greater Manchester Chamber.

“I don’t think there has been enough in that trend necessarily to suggest that suddenly we are going to see a large movement toward businesses decentralizing and moving away from offices,” he said. “The commercial office space market is extremely competitive and tight.”

Many businesses are still trying to figure out how to implement working from home options.

“Businesses need to be creative and thoughtful on how to adapt their work environments,” Shelton said.

Cigna is a Connecticut-based global health service company that offers health, pharmacy, dental, supplemental insurance and Medicare plans to individuals, families and businesses, according to its website. The company is expected to bring in between $6.38 billion to $6.46 billion, or $16.80 to $17 per share, this year.

The company has made similar property decisions across the country, according to its statement.

“We remain committed to the Hooksett community and our local employees and intend to make this process as smooth as possible for everyone,” the statement reads.

Saturday, December 14, 2019
Friday, December 13, 2019