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Cedar Rapids-das Geonetrical buildings in the Newbo district of Cedar Rapids was sold to WRH Inc., a civil contractor based in South Amana.
The building that 2014 in 415 12th Ave. SE was built, offers office space for Geonetric, a marketing service for digital health care. Newboco, a non -profit organization that supports entrepreneurship and technical training; And the vault, a coworking room.
Geonetric and NewBOCO will move to the building to make room for WRH, which, according to Cedar Rapids Assessor Records, closed $ 6.8 million for the property in a mid-May.
Skogman Commercial, who mediated the sale and announced in a press release, said that rental contracts will remain intact for existing tenants.
WRH Inc. will claim an floor for office space. According to the press release, the renovated offices create a headquarters for 35 managers, project management, estimate and administrative experts. WRH's production, maintenance and operational shipping remain in South Amanana.
In 2013, the Cedar Rapids developer Agile Ventures LLC received tax credits of $ 1 million for the construction of the three-story geonetrical building.
The publication underlines the purchase as a strategic investment in the Cedar Rapids Commercial Market and underlines the persistent participation of WRH in Cedar Rapids' permanent flood protection system by a 30 million dollar contract by Army Corps of Engineers.
Ben Dillon, CEO of GEONETRIC, told The Gazette that the company's work relationship with WRH was positive and emblematic for the continued investment in Newbo and Cedar Rapids due to the future goals of GeoneTric.
“Geonetric in particular makes a smaller footprint,” he said. “But the plan for the moment is to continue to be here, and then we will evaluate over time whether this is still the right option for us and the right option for you. It was a very good, collaborative work relationship. They are a great organization and some great people with whom you can work in this process.”
Jamie Rich, CEO from WRH Inc., did not answer a request for comments.
Comments: 641-691-8669; evan.watson@thegazette.com