Home AEC MJR Development Unveils Comprehensive Renovation for 200,000 SQFT Tacoma Centre’s Grand Opening

MJR Development Unveils Comprehensive Renovation for 200,000 SQFT Tacoma Centre’s Grand Opening

Tacoma Centre, Tacoma Financial Center, MJR Development, Kirkland, Kidder Mathews, Lynnwood, Olympia, Puget Sound

Seattle, Wash. (October 12, 2023) – Tacoma Centre is celebrating its grand opening after a total renovation of 10,000 square feet on the first floor. Located downtown at 1145 Broadway, the property was previously known as Tacoma Financial Center before it was purchased by Kirkland-based MJR Development. In January 2022, the company announced the name change and plans for a total transformation and rebrand of the 15-story, 200,000-square-foot office building. Kidder Mathews’ Will Frame and Drew Frame represented MJR in the acquisition and are now managing the leasing.

Tacoma Centre’s new luxury amenities include:

  • Ebony and Ivory — a café and wine bar serving sandwiches and pastries in the daytime and featuring charcuterie plates and similar snacks in the evening
  • The Lounge — an open common area with upscale furnishings, a giant monolith TV screen, and a premium sound system
  • The Vault — an intimate reservable area converted from the old deposit box safe, with a grand piano and balcony that will feature periodic live music events
  • The Board Room — a reservable conference space
  • The Fitness Centre — a private gym with state-of-the-art equipment, showers, and lockers

“The post-pandemic workforce demands more than traditional office spaces. They want amenitized properties that can effortlessly integrate with their daily routines,” said MJR President Mike Raskin. “Our goal is to create environments people want to be in.”

Tacoma Centre is now one of the only buildings in the city with a high-end lounge to accommodate casual team meetings, happy hours, and corporate events and soirees.
The remodel uses natural materials, tall windows, and expansive views to create an environment that “inspires work and elevates life,” according to a brochure on the property’s website. With upgraded “lifestyle amenities,” the tower offers a new brand of office space — optimized for a culture of work/life balance and creative collaboration.

The second phase of Tacoma Centre’s multi-million-dollar renovation is expected to finish in six weeks and will focus on a 14th-floor Tower Club. MJR will share details on the club — along with additional pavilion and common area phases — when the project is complete.

“Tacoma Centre stands as a testament to the marketplace’s flight to quality. The building’s current pipeline exceeds the vacancy, proving that MJR’s vision will be successful,” said Will Frame. “The strong pipeline of tenants seeking top-tier destinations underscores Tacoma’s growing reputation as a prime opportunity for businesses looking to thrive in a dynamic and vibrant environment. With its modern amenities and strategic location, Tacoma Centre exemplifies the exciting opportunities awaiting tenants in the heart of Tacoma’s thriving commercial real estate market.”

Tacoma Centre currently has approximately ±70,000 square feet of space available for occupancy. The tower can accommodate tenants of all sizes, including ±27,536 contiguous square feet with small to midsized options in the ±650 to ±13,700-square-foot range.

About MJR Development

MJR Development is a commercial real estate development firm that provides Class A satellite workspaces from Lynnwood to Olympia, Washington. The properties are strategically located near the I-5 corridor, allowing easy access to freeways and transit. Urban-style amenities are available on campus, while extended amenities are a short walk away. MJR owns 1.8 million square feet of office space in the Puget Sound region.

About Kidder Mathews

Kidder Mathews is the largest independent commercial real estate firm on the West Coast, with over 900 real estate professionals and staff in 20 offices in Washington, Oregon, California, Nevada, and Arizona. Kidder Mathews offers a complete range of brokerage, appraisal, asset services, consulting, and debt & equity finance services for all property types. The firm performs $12 billion in transactions, manages 53 million square feet of space, and conducts 2,800 appraisal, consulting, and cost segregation assignments annually.