Concord’s Lincoln Economical creating and 180 acres in city’s core up for sale

A nearly-182 acre assets in Concord owned by Lincoln Fiscal is up for sale, opening an unsure chapter for a metropolis mainstay that has diminished in stature in latest decades.

The home, tucked absent just off northern Rumford Road, has been shown for $6 million, according to an advertisement dispersed in area media, together with the Watch. It contains two office properties sized at a total of 210,353 sq. ft. 

Now, the long run for the property is not clear, Concord Mayor Jim Bouley said in an interview Tuesday. There could be a person customer who snaps up the full property. Or the house could splinter. The land is zoned for various employs, which include a part for household enhancement, and it rests on what could be key genuine estate a short hop from the highway.

“It is a extremely attractive piece for the city to proceed to establish,” Bouley explained. “We look ahead as a town to functioning with the new operator.”

Headquarted in Radnor, Penn., Lincoln Financial is a Fortune 250 business that delivers financial investment administration, financial advice and insurance policy profits. 

For decades, it presented a continual stream of employment for the Concord place, and stayed aspect of the local cloth by way of fundraising and philanthropy. 

In Concord, the business at moments volunteered in the local community, partnering with United Way and investing a working day lately with the Merrimack Valley Day Care Service, and at other occasions the Canterbury Shaker Village.

The organization also maintained a basis, the Lincoln Economical Foundation, that has occasionally donated to area efforts, these as the New Hampshire Humanities of Concord, Second Begin, and Ascentra Group Companies. It has assisted sponsor regional attempts these as Harmony Reads. 

And in 2017, the company helped donate cash to guidance Concord’s winter season shelter on North Main Street. 

In modern years, the company’s footprint in the town has shrunk significantly, Bouley reported in an job interview. That provided a mass action in which most workers were being sent property, which coincided with the onset of the COVID-19 pandemic, he mentioned. 

But the property hasn’t been lifeless. Just lately, a pair of beavers moved in to the business office park’s artificial pond. 

Bouley reported that he was unaware of the actual reasons that led to the sale. But he mentioned that the now-vacant workplace properties are a image of the unique new actuality brought on by the pandemic.

“There is an vital matter that it raises … and that is: What is the new normal when we come out of COVID?” he stated. “When we start searching at the require for office place, is there heading to be as great a desire as there was prior to?”

The solution to that is in the palms of the serious estate brokers. Even now, Bouley suggests that for corporations searching for New Hampshire place of work room with space which is just off I-93, the Lincoln Fiscal structures offers a apparent chance.