Financial Services
Russell Investments moving to Seattle
By Seattle Business Magazine October 21, 2009
Russell Investments, Tacoma’s largest private employer, will move next year to downtown Seattle, into the former WaMu Center. The move means 900 well-paying jobs will be leaving the City of Destiny, positions that city will be hard-pressed to replace. Russell’s parent company, Northwestern Mutual, is purchasing the new building for $115 million, which was renamed…
Russell Investments, Tacoma’s largest private employer, will move next year to downtown Seattle, into the former WaMu Center. The move means 900 well-paying jobs will be leaving the City of Destiny, positions that city will be hard-pressed to replace.
Russell’s parent company, Northwestern Mutual, is purchasing the new building for $115 million, which was renamed Chase Center after JPMorgan Chase bought Washington Mutual in September 2008. Many offices in the building have been vacant since the acquisition; Chase has fewer than 500 employees in the tower, down from more than 4,000 in WaMu’s day.