{"id":1004072353,"date":"2013-05-08T11:36:21","date_gmt":"2013-05-08T19:36:21","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=124464"},"modified":"2020-05-19T08:12:42","modified_gmt":"2020-05-19T16:12:42","slug":"usaa-to-leave-norfolk-move-500-employees-to-chesapeake","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/usaa-to-leave-norfolk-move-500-employees-to-chesapeake\/","title":{"rendered":"USAA to Leave Norfolk, Move 500 Employees to Chesapeake"},"content":{"rendered":"<p style=\"text-align: justify;\"><em>By Adrian Maties, Associate Editor<\/em><\/p>\n<p style=\"text-align: justify;\">USAA plans to relocate more than 500 employees from its current office in Norfolk to Chesapeake by December. The San Antonio-based financial services company will move from its mid-Atlantic regional office at 5800 Northampton Blvd. to Battlefield Technology Center II in Chesapeake, according to <a href=\"https:\/\/insidebiz.com\/news\/usaa-move-500-chesapeake\" rel=\"nofollow\" ><em>Inside Business<\/em><\/a>. USAA employees will provide claims support for 9.6 million clients at the company&#8217;s new location.<\/p>\n<p style=\"text-align: justify;\">Located at 520 Independence Parkway in Chesapeake, USAA\u2019s future home is an 81,478-square-foot building that was completed in 1998. The company\u2019s new space will be about 10 percent larger than the 73,000 square feet it now occupies at The Concourse at Northampton, a 319,444-square-foot, four-story building lowned by USAA Real Estate Co., a USAA affiliate. Battlefield Technology Center II is less than 10 miles from Downtown Norfolk and 14 miles from Norfolk International Airport.<\/p>\n<p style=\"text-align: justify;\">Another Concourse at Northampton tenant, Amerigroup Corp, is in expansion mode. The healthcare insurance company signed a long-term lease at the building last year and by spring 2015, it plans to more than triple its workforce there from 500 to 1,600.<\/p>\n<p style=\"text-align: justify;\">According to CBRE Group Inc., <a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/05\/amcbre.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-124465\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/05\/amcbre.jpg\" alt=\"\" width=\"300\" height=\"228\" \/><\/a> the office vacancy rate in the Hampton Roads area increased to 16.9% during the fourth quarter of 2012 as the market recorded 106,780 square feet of negative absorption.<\/p>\n<p>The best-performing submarket at year\u2019s end was Central Norfolk, thanks in large part to leasing activity at the USAA building, which accounted for much of the submarket\u2019s 256,246 square feet of absorption.<\/p>\n<p style=\"text-align: justify;\"><em>Charts courtesy of <a href=\"https:\/\/www.cbre.us\" rel=\"nofollow\" >CBRE Group Inc.<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>USAA plans to move over 500 employees from Norfolk to Chesapeake by the end of the year. The San Antonio-based financial services company will move from its mid-Atlantic regional office at 5800 Northampton Blvd.<\/p>\n","protected":false},"author":925,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[36153],"tags":[],"class_list":["post-1004072353","post","type-post","status-publish","format-standard","hentry","category-richmond-hampton-roads"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>USAA to Leave Norfolk, Move 500 Employees to Chesapeake - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/usaa-to-leave-norfolk-move-500-employees-to-chesapeake\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"USAA to Leave Norfolk, Move 500 Employees to Chesapeake\" \/>\n<meta property=\"og:description\" content=\"USAA plans to move over 500 employees from Norfolk to Chesapeake by the end of the year. The San Antonio-based financial services company will move from its mid-Atlantic regional office at 5800 Northampton Blvd.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/usaa-to-leave-norfolk-move-500-employees-to-chesapeake\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2013-05-08T19:36:21+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-05-19T16:12:42+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/05\/amcbre.jpg\" \/>\n<meta name=\"author\" content=\"Adrian Maties\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/usaa-to-leave-norfolk-move-500-employees-to-chesapeake\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/usaa-to-leave-norfolk-move-500-employees-to-chesapeake\/\",\"name\":\"USAA to Leave Norfolk, Move 500 Employees to Chesapeake - 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