116 3rd St SE
Cedar Rapids, Iowa 52401
Six Cedar Rapids office buildings formerly occupied by Transamerica are for sale, Coldwell Banker Hedges Realty said Thursday.
The six buildings - on two campuses - are located at 4333 Edgewood Rd. NE and 4425 and 4415 N. River Blvd. NE.
Coldwell Banker is listing the properties as a single-buyer opportunity.
Transamerica listed the properties as it consolidates office locations in Cedar Rapids to 6300, 6350 and 6400 C St. SW, which the company renovated to accommodate the larger occupancy.
'We have long been a part of the Cedar Rapids community and we want to attract investors who will make the best use of these assets,” Mark Polking, Transamerica's chief administrative officer, said in a news release.
The company had about 3,800 Cedar Rapids full-time-equivalent employees in mid-November, according to David Connolly, economic development specialist for the city of Cedar Rapids.
Transamerica laid off 53 employees in Cedar Rapids at the end of November, according to a WARN notice filed with the state.
Tata Consultancy Services - part of Mumbai, India-based Tata Group - offered jobs to almost 900 Transamerica employees in Cedar Rapids and 2,200 nationwide in 2018 when it took over administration of more than $10 million worth of Transamerica insurance policies.
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