BLOOMINGTON, Ill. - Rockford-based Urban Equity Properties has entered into an agreement with State Farm Insurance to purchase the companys former headquarters in downtown Bloomington, the companies announced last week. 

The agreement comes after a year of unsuccessful attempts by the insurer to market the 90-year-old property. At 112 E. Washington St., it served as State Farm's headquarters until 1974. Divisions of the company continued to operate there until 2018.

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