One and Two Chestnut Place, the first new office complex constructed in Worcester's Central Business District in twenty years, was developed in a joint venture with NYNEX Properties Company. An affiliate of the firm acted as development manager and continues to act as asset manager for NYNEX. One Chestnut Place is a new 11-story, 180,000 SF Class-A office building with underground parking for 250 cars; Two Chestnut Place is a first class rehab of an existing 45,000 SF office building. Tenants of the fully leased property include The Travelers, AMICA Insurance, Blue CrosslBlue Shield of Massachusetts, and Fallon Community Health Plan, Inc.