BECU acquires 8 buildings near its Tukwila Financial Center

BECU has acquired eight buildings near its Tukwila Financial Center in the Gateway Corporate Center. COURTESY PHOTO/BECU

BECU purchased eight additional buildings at the Gateway Corporate Center in Tukwila for $78 million on Dec. 27.

The corporate center, 12866 Interurban Ave. S., has been home to the BECU Tukwila Financial Center, which serves as BECU headquarters and a branch for members, since 1990. Nearly 650 of BECU’s 1,700 employees work at the Tukwila Financial Center.

BECU, which now owns 10 of the 11 buildings in the Gateway Corporate Center, acquired the additional buildings, totaling 376,000 square-feet, from Kansas City, Mo.-based RREEF Property Trust, which is part of is part of Deutsche Asset Management.

Gregg Kats, BECU’s vice president of administration, said BECU will develop a master use plan to determine how it will use the space and will honor leases for the tenants of the newly acquired buildings.

“In addition to being a sound investment, the purchase gives BECU more flexibility to accommodate growth while creating an employee-friendly, campus-like setting,” Kats said.

Bill Frame with Kidder Mathews was the real estate broker for the transaction.


More in Business

Rep. Joe Fitzgibbon and Page Carson Foster. Photo credit Washington State Legislative Support Services
Carson Foster serves as page in Washington State House

The following was submitted to the Reporter: Carson Foster, a student at… Continue reading

Microsoft has expanded their AccountGuard service to 12 new European Countries. Yellow: European countries already protected. Blue: European countries now protected. (Source: Wikimedia Commons)
Microsoft warns of hacking ahead of elections

Launching defense services in Europe.

Praerit Garg joins Smartsheet as CTO

Bellevue-based company employs 760 people

OfferUp founder Nick Huzar makes customer safety a core pillar

Bellevue-based CEO wanted a simpler solution to his own problems

Photo by Tiffany Von Arnim/Flickr
Puget Sound companies join to create middle-income housing

Several are the same companies that opposed Seattle’s head tax last year.

Washington to begin collecting sales tax from out-of-state sellers

On Aug. 3 the Washington Department of Revenue said it will require some out-of-state retailers to begin collecting sales tax.

Seattle’s Misstep highlights need for new approach

Last week, Seattle’s City Council did an “about face” revoking the onerous… Continue reading

Hotel Interurban is now open

This is Tukwila’s first boutique hotel in over 20 years and offers 185 hotel rooms.

PCC Community Markets brings first certified organic grocery to Burien

The grand opening for the new market in is May 23 and is the first PCC store south of Seattle.

The exterior of Hotel Interurban. Courtesy photo.
Hotel Interurban is accepting reservations for spring 2018

Tukwila’s first boutique hotel in over 20 years will feature local artists, dynamic meeting and event spaces.

Boeing held an event to celebrate the production of the 10,000th 737 jetliner. The Southwest airplane was displayed at the Renton plant on March 13. Leah Abraham, Renton Reporter
Celebrating the 10,000th 737

Boeing has reached a significant milestone — its 10,000th 737 jetliner. Hundreds… Continue reading

Raina Labrum plays with her dog, Riven, right, as well as Daisy, center, and Poby, left, at Piper’s Playground indoor dog park in Federal Way. Heidi Sanders, the Mirror
Piper’s Playground offers indoor play space for dogs

The first Federal Way indoor dog park opened Jan. 18.