FedEx Ground Purchases Former Aetna Site for $18M

FedEx Ground has purchased the former Aetna headquarters site in Middletown, located at 930 Middle Street, for $18 million, signaling the company may locate one of its new distribution centers at the property. The company has stated it will not commit to locating one of its distribution centers at the location until all zoning approvals have been granted. If approved, the property will be redeveloped into a 500,000 square foot distribution center, and will employ approximately 500 employees.

The property is set on 240 acres on the east side of Middle Street. FedEx may also purchase an adjacent site to use for vehicle maintenance. The 1.3 million square-foot former Aetna building was demolished in 2011 after the company parted in 2010.