BlueCross BlueShield of Tennessee is in talks with potential buyers for its downtown Chattanooga headquarters on Cameron Hill, although the state’s largest health insurer has not listed it for sale.
The insurance company said last year it may place the 950,000-square-foot campus on the market as fewer employees come to work in person. The company would like to offload the property, said Dalya Qualls White, chief communications officer at BlueCross.
“Cameron Hill isn’t formally listed through a broker, but as we’ve shared, our goal is to sell the property, and we’re continuing to engage in conversations with organizations that may be interested,” White said in an email. “We’re currently in early negotiations with interested parties, and while it’s too soon to share specifics, there’s real momentum.”
Around 4,200 BlueCross employees are based in Chattanooga, out of 6,700. The insurer is the fourth-largest employer in the Chattanooga area. Since the pandemic, BlueCross officials have described the company as following a “remote-first” work model.