Newsroom

07/15/2004
CRS FINANCIAL SERVICES, LLC CLOSES ITS NEW QUADRANT I-5 OFFICE SPACE

LANDMARK LOCATION CREATES PUGET SOUND EMPLOYMENT OPPORTUNITY Lynnwood, WA – CRS Financial, LLC today announced the close of its Quadrant I-5 office space. MILA Inc., a local wholesale residential mortgage lender will be the anchor tenant of the newly named CRS Corporate Centre, located at 20700 44th Ave. W. in Lynnwood, just a few miles away from MILA’s corporate headquarters at 6021 244th St. S.W. in Mountlake Terrace. The 176,000 Class A building is estimated to bring over 1,250 new jobs and other tenants to MILA and Snohomish County respectively over the next three years. With $5.5 million in improvements, the new building is expected to be the premier corporate building in Snohomish County. Located just off the I-5 corridor, improvements included work to the common areas including the lobby and office areas as well as custom built suites to suit tenants. “The goal of this premier Class A building in Snohomish County is to reposition the building in the market,” said Ric Brandt, CB Richard Ellis. “The CRS Corporate Centre is sure to be one of the leading Class A buildings in the Puget Sound region. The features and benefits of this building are sure to attract additional tenants, provide hundreds of new jobs and access for businesses in the community.”

Click to enlarge CRS Corporate Centre, located at 20700 44th Ave. W. in Lynnwood, is just a few miles away from MILA’s corporate headquarters at 6021 244th St. S.W. in Mountlake Terrace. Click to enlarge

Currently, 107,500 square feet has been occupied, leaving 68,500 square feet available for lease on the first three floors. For leasing information, Ric Brandt of CB Richard Ellis has been retained as leasing agent. Brandt can be reached at 425.462.6901 or ric.brandt@cbre.com.

New Building Helps Local Mortgage Lender Expand
New building features include:

• 5.5 parking spots per 1,000 square feet rented
• Two undercover parking garages
• Easy access and visibility to and from I-5 and I-405
• Adjacent to an Embassy Suites motel

“MILA has been a long-time employer in the area and is positioned to continue to grow at a steady pace,” said Layne Sapp, managing member, CRS, LLC. “Over the next 36 months, MILA anticipates its local employee total will exceed 1,000 and total approximately 1,200 employees nationally by 2007.”

In addition to MILA, current tenants of the six floor building will include:

• Davis Schueller, the general contractor who built out the MILA Financial Center and who will do the build outs for tenants leasing the remaining space in the CRS Corporate Centre purchased 5,000 square feet
• Next, an online mortgage services company purchased 10,000 square feet
• CRS Financial Services, a financial servicing group managing the property purchased 2,500 square feet

About CRS Financial, LLC
CRS Financial, LLC is a local Washington company that acquires and operates commercial real estate and parking structures in the Puget Sound area.

Contact: Michelle Homes
Michelle.Homes@mila.com
425.275.0800