Pair of Cedar Rapids financial services firms to move to Town Centre
They will occupy space to be vacated by Bankers Trust
George C. Ford
CEDAR RAPIDS — After nearly 40 years in the Dows Building, Terry Lockridge & Dunn and its sibling firm, World Trend Financial, will move to 221 Town Centre in November.
Cathy Johnson, chief administrative officer and chief financial officer at Terry Lockridge, said the two companies will be moving from 12,000 square feet of office space to 13,000 square feet currently occupied by Bankers Trust on the second floor of Town Centre, 221 Third Ave. SE.
Bankers Trust will move to the new 11-story CRST Center on First Street SE, between Second and Third avenues SE. Bankers Trust will be joined there by CRST, Holmes Murphy & Associates and RSM US LLP, formerly McGladrey LLP.
Johnson called the Dows Building, at 210 Second St. SE, “a great old building” and said the current owner has done a lot to bring it up to standard.
“The real driving factor for the move is the fact that our staff is spread over three floors, and that’s just not efficient,” Johnson said. “When the Bankers Trust space came on the market, I took one look at it and decided it was just what we wanted.
“We will all be located on one floor in the Town Centre building.”
Johnson said employee safety concerns also were a factor in the decision to move.
“During tax season, a lot of our employees are walking to the Parkade at the crack of dawn and late at night,” she said. “Town Centre has its own parking ramp right there.”
Rockwell Collins, which has been leasing 82,000 square foot of space in 221 Town Centre, announced this week that it will move 300 employees back to the company’s main campus next month.
The avionics and communications company remodeled the Town Centre space in December 2010. The company renewed its lease in 2013.
Rockwell spokeswoman Pam Tvrdy-Cleary said the decision to move the employees to 400 Collins Rd. NE was prompted by a desire to co-locate them with the employees they work with and support.