News
Press Release
Columbia River Bank Leases 20,000+ Square Feet at Bank of America Financial Center in Vancouver, WA
2008-03-25
VANCOUVER, WA, March 25, 2008 – Columbia River Bank has signed a lease for the entire 6th floor, 20,193 square feet, at the Bank of America Financial Center located at 805 Broadway in downtown Vancouver, Washington. The new office location will hold the Loan Operations departments, formerly in offices in The Dalles, Oregon. The new space will be home to 40-45 employees and support 22 branches in Oregon and Washington.
“This has actually been a strategy that we have been moving forward with since its initiation two years ago. What started with just two people moving from The Dalles, has now turned into about 50 people in the Vancouver market,” according to Greg Spear, Vice Chair and Chief Financial Officer of Columbia Bancorp.
The bank also has a small administrative support location on Mill Plain Boulevard, which in conjunction with offices in The Dalles, supports the branch locations.
The Bank of America Financial Center is the tallest Class A Building in downtown Vancouver. Since being purchased outright by Schlesinger Companies in September of 2007, the building has undergone improvements including a major lobby renovation due to be completed this Spring. With one full floor availability left, the building continues to see strong interest from a number of large users seeking space.
“We are delighted to have Columbia River Bank as a tenant,” says Josh Schlesinger, Asset Manager with Schlesinger Companies. “This is a significant transaction that is a testament to the desirability of both our building and downtown Vancouver. We have enjoyed a significant amount of leasing activity and we continue to be optimistic about 2008 with this lease executed and our lobby renovation under way.”
Cushman & Wakefield represented the Landlord in the transaction and Columbia River Bank was self-represented.