The Dirt: Insurance company Northwestern Mutual moving to Pinecroft in Spokane Valley
The Spokane office of Northwestern Mutual of the Inland Northwest is moving to a building currently under construction in Spokane Valley’s Pinecroft Business Park, just north of Mirabeau Park along the banks of the Spokane River.
Permits were issued by the city of Spokane Valley for $1.2 million in tenant improvements to the 20,000-square-foot second floor of the building at 12939 E. Pinecroft Way.
The Spokane office, in the Marycliff Center on the South Hill, has run out of space, leading to the move.
Jamie Traeger, owner and broker with JMA Commercial Real Estate, the property management company for the business park, said the $9.5 million building project is the business park’s 14th building and brings its total tenant footprint to 470,000 square feet. It is the first building to be built on the river’s edge.
“It’s designed to look both up and down the river views,” Traeger said. “The first floor is for lease in the most spectacular building in all of Spokane.”
Northwestern Mutual is a life insurance company based in Milwaukee that has had an office in the Spokane area since 1921. It has 36,000 clients in the region, according to its website. The new office is anticipated to open this summer.
Divcon Inc., of Spokane Valley, is the contractor for the project.
Permits issued for new Linwood Elementary School
The $24 million replacement of Linwood Elementary School just north of Spokane city limits was issued its first commercial building permits by the county.
The construction of the new 76,000-square-foot building at, 906 W. Weile Road is financed by a 2014 bond measure that was supported by nearly 70 percent of voters.
Linwood opened in 1957 and currently serves about 500 students in kindergarten through sixth grade. The new structure will increase capacity to 625 and will be built while the existing facility remains in operation. Work is expected to be completed by August 2019.
Other projects financed through that $145 million bond measure include Franklin Elementary School modernization and addition, upgrades at Adams Elementary, Wilson Elementary School classroom addition, Shaw Middle School replacement, property purchases, districtwide facility projects, technology upgrades, and safety and security improvements.
The Linwood project was designed by Integrus Architecture, of Spokane.
Mead company plans warehouse on Fancher
A nine-unit warehouse with 13,000 square feet of office space is being built in Spokane Valley, according to permits issued by the city.
The warehouse at 1114. N. Fancher Road is valued at $750,000.
The property and building are owned by Mountain Crest Enterprises, an excavating company based in Mead.