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Columbia Bank Center Legitimizing South Sound Renaissance

TACOMA, WA-Since the late 1990s, Tacoma has seen record construction. But the focus has been on renovations, not new builds. This week, the city fetes its first new office tower in a decade.

By Janet Parker | Updated on February 20, 2001

TACOMA, WA-Ceremonies are this week for the first class A office tower this city has seen constructed in 10 years. The nine-story building is set to open in three days, adding another 190,000 sf of class to the city. About April, Frank Russell Co., a Tacoma-based pension fund manager, and Columbia Bank, headquartered in Seattle, will take up residence as the buildings anchor tenants.

The $40-million property is a development of German billionaire Erivan Haub. The building’s design was created by Thomas Cook Reid Reinvald Architects of Tacoma. The general contractor was Sellen Construction Co. of Seattle. Approximately 40,000 sf of office and retail space are reported to be available in the building, located at 1301 “A”: St. Rates were not immediately available.

Since the latter end of the 1990′s, Tacoma has seen record construction. Just last year, the city issued nearly $275 million worth of new permits, generated in good part by developers seeking to build more affordable Northwest office properties than are available in the high-rent districts of the greater Seattle area.

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