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Home » Horizon buys building, plans to relocate branch

Horizon buys building, plans to relocate branch

Trent Avenue branch will move to headquarters site

November 25, 2009
Jeanne Gustafson

Horizon Credit Union says it has bought the Spokane Valley building its headquarters occupy, at 13224 E. Mansfield, and plans to move a branch office it operates on Trent Avenue to that building next month.

Horizon bought the building, named Mansfield Crossing, for an undisclosed sum on Oct. 29, says Jeff Adams, Horizon's CEO and president. The purchase and branch relocation will complete a long-term plan to consolidate Horizon's operations at the location on Mansfield.

Horizon had been the sole tenant in the three-story, 46,000-square-foot building, and currently occupies about two-thirds of the space there, says Bryan Grytdal, the credit union's vice president for marketing. Moving the Trent Avenue branch there will mean Horizon will fill the remaining space. Horizon's administrative offices, financial services and investments department, information technology department, and home mortgage department already are located at Mansfield Crossing, Grytdal says.

The credit union sold its former headquarters building, at 14523 E. Trent, about a year ago, and has been leasing back space in that building for the branch it operates there, Adams says. After that branch moves to the Mansfield building in December, Horizon will terminate its building lease there, but will install an ATM at the former branch location.

The relocated branch will be named the Mirabeau branch, and all five of the branch employees will move there.

Goebel Construction Inc., of Spokane, is remodeling the first floor of the building on Mansfield for the branch, and Miller Stauffer Architects PA, of Coeur d'Alene, designed the project, Grytdal says. The Mirabeau branch will have two drive-up teller lanes and a drive-up ATM lane, which Goebel is constructing, he says.

Horizon Credit Union has 37,000 members in Washington and Idaho, and operates 16 branches. About 100 of the credit union's 185 employees will be located at its headquarters at Mansfield Crossing.

Craig Soehren, of Spokane-based Kiemle & Hagood, handled Horizon's purchase of the building on Mansfield, Adams says.

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