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Wednesday, October 16, 2019  Spokane, Washington  Est. May 19, 1883
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Office Hours

Ambassadors will lease space in the building it just sold, then move out

Earlier today readers found a story about Northwest Farm Credit Services paying $9 million for the big Ambassadors Group building on Flint Road near the airport.

We noted we couldn't get comments from either company about how this affects them.

Today, we did get a reply from the buyer.

Here's their statement:  "Northwest FCS is planning to move all of its headquarters staff to the Ambassador building.  The date of the move has not been determined yet.  We will be leasing the entire building back to Ambassador for an interim period of time."

Their note also noted that it's up to Ambassadors to announce where its next location will be, following the interim period.

The rest of today's story was this:

Northwest Farm Credit Services, a financial services company serving regional farmers, bought the Ambassadors Group building near Spokane’s airport for $9 million.

The 133,000- square-foot building was constructed in 2006 by Ambassadors, a travel company that promotes cultural trips under the People to People banner. The building, along with 11 acres of land at 2001 S. Flint Road, has been for sale for two years. It was first listed for $13 million.

Ambassadors executives announced at the time that they wanted a smaller office space as a way to “right-size” the company during a period of declining revenue. At the time, officials said they intended to lease back office space from the buyer, but a recent federal filing about the sale gave no indication what Ambassadors intends to do. Spokane’s Northwest Farm Credit Services office is at 1700 S. Assembly St. near the Sunset Hill.

 




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The Spokesman-Review business team follows economic development in Spokane and the Inland Northwest.