6 structures in northeast Cedar Rapids that were as soon as property to 1000’s of Transamerica employees are now for sale, along with a massive chunk of authentic estate that surrounds them.
The properties, located at 4415 and 4425 N. River Boulevard Northeast and 4333 Edgewood Highway Northeast, sit on the west aspect of Edgewood Street amongst Highway 100 and 42nd Road Northeast. All of Transamerica’s approximate 3,800 personnel in Cedar Rapids are now all together at destinations in the 6300 and 6400 blocks of C. St. S.W., in accordance to the Gazette. That makes the properties, and land, expendable.
This news isn’t astonishing. The Gazette to start with claimed in the summer time of 2017 that Transamerica prepared to promote at least some of their offices together Edgewood Highway.
Coldwell Banker Hedges Realty lists the 6 structures, which encompass 550,000 square toes of office environment space, and extra than 50 acres of land, for $20 million. The sale was announced in a media release from Transamerica.
This is not the initially time AEGON, who acquired Transamerica in July of 1999, has sold residence in that region. The Fountains advancement at the northeast corner of Freeway 100 and Edgewood Highway was once owned by AEGON. The Gazette states the very same holds real for the Berthel Money Center which sits on the southeast corner of Edgewood Street and 42nd Avenue Northeast.
Promoting these properties, and most likely, much more importantly, this land now would make a good deal of perception. The opening of the extension of Freeway 100 from Edgewood Street to Freeway 30 has resulted in a massive amount of improvement in this area in current decades:
- Another building in the Fountains improvement is practically comprehensive.
- New occupants proceed to move into Peck’s Landing at Edgewood Street and Blairs Ferry Street in Hiawatha.
- New structures and tenants are filling Edgewood City Centre at the northwest corner of Highway 100 and Edgewood Street, spurred by anchor store Fleet Farm.
- A new Randy Kuehl Honda dealership and Hilton Backyard garden Inn sit correct upcoming to the Transamerica land and structures for sale.
My guess is whoever finishes up purchasing the Transamerica home is not going to be considering about the use of all all those office structures, but rather a lot more economic growth. You can find no hotter actual estate place in the town of Cedar Rapids.