GEICO plans to buy the building that houses its customer service center in Amherst.
The insurer is paying $23 million to acquire the 255,500-square-foot building that it has leased for more than a decade in the Crosspoint Business Park from an affiliate of Uniland Development Co.
The deal cleared one of its final hurdles on Friday when the Amherst Industrial Development Agency, which provided tax breaks for the building, gave its approval to the sale.
The tax breaks, which run through 2022, are not affected by GEICO’s purchase of the building, said David Mingoia, the agency’s interim executive director.
GEICO currently has 2,693 employees at its building, located on 22.2 acres at 300 Cross Point Parkway.