Hobbs Brook Management LLC recently broke ground on its latest Class A office building, a four-story, 160,000-square-foot structure in Norwood.

It is anticipated the project will achieve LEED Silver certification for new construction from the U.S. Green Building Council (USGBC), the first office building in Norwood to do so. The building, located at 1175 Boston/Providence Highway in Norwood, will be shared by FM Global, one of the world’s largest business property insurers, and Dedham Medical Assoc.

FM Global, which has operated in Norwood since the late 1940s, will relocate nearly 200 employees from 500 River Ridge Drive in Norwood to this new building, which is situated on the same campus as FM Global’s Center for Property Risk Solutions. The $4.7 billion company chose to relocate its insurance offices to enhance the company’s ability to meet client needs and provide a centralized location for its Massachusetts-based employees. Dedham Medical Assoc. will relocate its Norwood office from 325 River Ridge Drive in order to enhance the patient experience in a larger space.

"As an environmental advocate and leader, conservation has been ingrained in our business philosophy for more than 175 years," said Tom Lawson, executive vice president, FM Global. "We’re looking forward to maintaining our long-standing presence here in Norwood in a green building that is built to last, minimizes environmental impact, and promotes the health and wellness of our employees, and provides them a great place to work."

Margulies Perruzzi Architects designed the building to accommodate both tenants with separate entrances and lobbies for each.