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Sale of State Farm property to boost town, agency, CDTA

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State Farm Mutual Automobile Insurance’s two office buildings and 163 acres of land at Northway Exit 12 have been sold as part of a national plan for the insurance giant to enter sale/lease-back arrangements for its regional operations centers.

The location of the North Atlantic regional operations center, where about 1,100 people work, has been sold to a subsidiary of Lone Star Funds, a private equity firm based in Dallas, Texas.

As part of ...

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