Chubb Ltd., the giant insurance company, is nearing a deal to move forward with a proposed 475,000-square-foot building at 2000 Arch St. that would eventually serve as its new Philadelphia offices, according to several sources familiar with the plan.
The company had been evaluating over the last four years or so whether to have a new office building developed for its Philadelphia operations. Those discussions were interrupted for various reasons including the pandemic but gained traction over the last year.
Chubb currently maintains its offices at 436 Walnut St., a 361,000-square-foot building it owns, and leases 140,000 square feet at the Washington, a neighboring office building.
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