Port Completes Purchase of World Trade Center Tacoma Building

Wednesday, February 05, 2003
The Port of Tacoma has completed a $6.8 million purchase of the World Trade Center Tacoma Building. Located at 3600 Port of Tacoma Road, the 70,000-square foot building had been owned by a local, private partnership. The land was -- and will continue to be -- owned by the Port of Tacoma. Bob Emerson, the Port's Director of Real Estate, notes that the modern, five-story office building is wired with fiber optic connectivity and a desirable location -- adjacent to Interstate 5 at the entrance to the Port area with easy freeway access and ample parking.

According to Port of Tacoma Commission President Dick Marzano, the acquisition is consistent with the Port's expansion and diversification objectives. "This is a dynamic addition to the Port's real estate portfolio," he said. Presently, the World Trade Center Tacoma Building has more than 20 tenants, including the U.S. Immigration and Naturalization Service. "We have no current plans to change the use of the building," Emerson said. "The Port will continue to offer the building for lease to a wide variety of businesses."

Emerson added that the site has potential for further development in the future. "We will be exploring several alternatives for ultimate long-term development," he said.

Maritime Reporter November 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Diana Shipping Announces $53.5m Drawdown

Diana Shipping Inc. announces signing and drawdown of a $53.5 million term loan facility with BNP Paribas; announces time charter contract for m/v Nirefs with Glencore   Diana Shipping Inc.

Maersk to Continue Russian Operations

Denmark's A.P. Moller-Maersk said its four subsidiaries with activities in Russia continue to operate as planned despite the recent sharp drop in oil price and the rouble's collapse.

Denmark Arrests Former OW Bunker Manager

Denmark has arrested a former manager of collapsed ship fuel supplier OW Bunker and intends to hand him to Italy, where he is suspected of fraud, the Danish public prosecutor said on Thursday.

Ports

PlateSmart Ups Security at Port Tampa Bay

Port Tampa Bay, Florida’s largest maritime port and the 16th largest in the United States, has elected to implement PlateSmart's ARES enterprise license plate recognition-based video analytics system.

Maersk to Continue Russian Operations

Denmark's A.P. Moller-Maersk said its four subsidiaries with activities in Russia continue to operate as planned despite the recent sharp drop in oil price and the rouble's collapse.

Marseille Fos Unveils Multimillion Growth Strategy

The Marseille Fos port authority has set out a vision for growth over the four years to 2018 in a strategic plan that puts developments costing $560 million at

 
 
Maritime Security Maritime Standards Naval Architecture Pipelines Pod Propulsion Ship Electronics Ship Repair Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 4.9180 sec (0 req/sec)