Pension Consultant HQ For Sale in Tacoma, WA

Real Estate Alert reports that a Tacoma, Washington building that serves as the headquarters for investment manager Frank Russell Co. is up for sale. Brokers familiar with the offering say the 211,000-square-foot building, at 909 A Street, could fetch as much as $48 million, or $225/sf. It is net-leased to Frank Russell, a subsidiary of Northwestern Mutual Life, through 2014. The current owner, Stellar International Holdings of Seattle, bought the 12-story property from the Russell family for $29.8 million, or $141/sf, in 1998. Trammell Crow, which represented Stellar in its purchase, is now handling the marketing effort. Sphere: Related Content