GreatAmerica Purchases Cedar Rapids Office Building
(Cedar Rapids, IA) -- GreatAmerica Financial Services Corporation announced today that it has purchased the “One GreatAmerica Plaza” building in downtown Cedar Rapids from River Cedar Properties LLC. The investment reinforces the GreatAmerica commitment to the community and the downtown area after the catastrophic flooding in 2008. Constructed in 1998, the 8-story glass-clad, 156,000 square foot building is among the most prestigious office buildings in the area.
GreatAmerica, which now occupies nearly one-half of the building, was the driving force behind its construction and subsequently became the lead tenant when it opened. “The purchase of the GreatAmerica Building provides a solution to our long-term office space needs as our company continues with its record of 19 years of uninterrupted growth” said GreatAmerica Chairman and CEO Tony Golobic. “Our community has rewarded us with exceptional people who care greatly about each other, our company and our customers. We started 19 years ago with a vision to reach standards of excellence so high in everything we do that we will have no competition. This is our vision today and will be our vision tomorrow. ”
Ryan Companies US, Inc. will continue to manage and operate the building. The purchase signals a strong vote of confidence in the Cedar Rapids downtown district, which was ravaged by a 500 year flood in 2008.
About GreatAmerica GreatAmerica Financial Services Corporation was founded in Cedar Rapids, Iowa in 1992. With nearly $1.2 billion in assets, GreatAmerica is the largest private independent equipment finance company in the U.S. and is dedicated to helping equipment manufacturers, vendors, and dealers be more successful and keep their customers for life. GreatAmerica provides equipment financing and consulting services in all fifty states and a number of U.S. Territories. The company employs more than 340 professionals, having offices in Iowa, Minnesota, Missouri and Georgia. www.greatamerica.com
Matthew L. Doty
Director, Corporate Communications
Tel. 319.261.4188 Fax 319.261.6188
GreatAmerica Leasing Corp. | 625 First St. SE, Suite 800 | Cedar Rapids, IA 52401