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BRIEF: Old Pilot Life HQ to Be Retirement Center
Wednesday, August 13, 2008 6:51 PM
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(Source: News & Record)trackingBy News & Record, Greensboro, N.C.

Aug. 13--GREENSBORO -- The stately campus that once housed the Pilot Life Insurance Co. on High Point Road is now in the hands of a retirement center developer.

Lincoln National Corp., which bought the land along with Jefferson-Pilot Corp. two years ago, sold it formally on July 30 to a group representing Kisco Senior Living of Carlsbad, Calif.

According to documents at the Guilford County Register of Deeds, Kisco paid $9.8 million for the 141 acres and its traditional brick buildings. It plans to invest nearly $99 million to renovate three buildings on the property and build 224 independent living units and 72 high care, skilled nursing units.

The company received a $1 million incentive from the Greensboro City Council to help cover its development costs.

Pilot Life ceased to exist in 1987, when Jefferson Standard Life Insurance, which had owned controlling interest in Pilot since 1930, merged it and Jefferson into Jefferson- Pilot Life .

In 1990, what had been Pilot Life moved downtown. The 800 former Pilot employees moved in with former Jefferson people into Jefferson's 17-story skyscraper that opened in 1923, and an adjoining new 20-story building.

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To see more of the News & Record or to subscribe to the newspaper, go to http://www.news-record.com.

Copyright (c) 2008, News & Record, Greensboro, N.C.

Distributed by McClatchy-Tribune Information Services.

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