Tri-Cities Area Journal of Business - February 2016

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February 2016

Volume 15 • Issue 2

Philanthropy

Second Harvest seeks volunteers Pages 15-22

Real Estate & Construction

Broadmoor plans more units Pages 23-33

Banking & Finance

HomeStreet works with businesses to help employees pages 37-42

he Said It “People need help, so we help them.” - Brett Dillahunt, Mustangs for Mustangs founder

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AutoZone plans distribution center near King City By Mary Coffman A new 440,000-sq.-ft. AutoZone distribution center will soon be under construction near King City in Pasco. The deal has been done under a veil of secrecy, with the help of the Tri-City Development Council and the Washington Department of Commerce. Although it was officially referred to as Project Sunrise, now Pasco officials can refer to under the corporate name, said Rick White, Pasco’s community and economic development director. White said the building permit for construction of the massive distribution center is ready for the company to sign and pick up, the final step in issuing the permit. “I think they were finalizing a contractor,” said White, who met with company officials in late January. “They had narrowed it down to three.” One of the finalists is a local contractor, White added. Carl Adrian, president of TRIDEC, said the company worked with the site selection consultants for more than a year to finalize the project. In December, AutoZone Parts Inc. finalized the purchase 93.4 acres of undeveloped land in Franklin County, where the distribution center will be built. When complete, the warehouse will provide about 200 new jobs to the community. “These are good jobs, from warehouse to upper management positions,” White said. “And they are a good corporate citizen.” White said the company has been in the distribution business for about 20 years. During discussions, company representatives said more than 70 percent of the employees who started 20 years ago are still with them. “They promote from within,” White said. “The two guys who are in charge of national distribution started out in the warehouse.” Adrian said TRIDEC worked closely with the Department of Commerce to bring the company to Pasco. uAUTOZONE, Page 25

Tri-Cities Cancer Center patient Gale Bruce tries on hats at the Resource Center with the help of volunteer Donna Whiteside. Various items are available at the Resource Center for patients, free of charge.

Tri-Cities Cancer Center Foundation leads expansion capital campaign By Mary Coffman It’s been more than two decades since the Tri-Cities Cancer Center first opened its doors. The Cancer Center started as a partnership between three local hospitals, Kadlec Regional Medical Center, Lourdes Health System and Kennewick General Hospital, now known as Trios Health. The vision was to create a nonprofit medical center to treat cancer and to care for those impacted by the disease. Since then, the Tri-Cities Cancer Center has become a trusted and valued community resource for cancer treatment, support education and information. But over the past 20 years, medical

technology and cancer treatment options have evolved and the Tri-Cities population center has grown, creating greater demand in a highly competitive industry. To meet those demands, the Tri-Cities Cancer Center is undergoing a $7 million expansion, remodel and upgrade. And the Tri-Cities Cancer Center Foundation is leading a capital campaign to help fund the improvements. The Tri-Cities Cancer Center has contributed about $5.4 million to the project. The Foundation pledged $1.5 million toward the project and has raised about $800,000 since starting the capital campaign last March. uFOUNDATION, Page 18

Petersen Hastings Partners with National Advisors Trust to expand services By Mary Coffman Petersen Hastings, an independent wealth management firm in Eastern Washington, has joined forces with National Advisors Trust Company. The move has enabled the firm to create Petersen Hastings Private Trust, a new private-labeled trust services brand. The partnership with National Advisors Trust, based in Kansas City, Mo., expands Petersen Hastings’ Trust solutions as part of the company’s approach to providing quality wealth management services to its clients. NATC’s national charter allows Petersen Hastings’ clients to have access to trust services in every state, allowing them to choose which state’s tax trust laws best suit their needs.

“With history’s largest generational wealth transfer underway, there is an increased need to provide our clients with expert trust solutions that fulfill their wishes and define and protect their legacy today and for the future,” said Jeff Petersen, CEO of Petersen Hastings. The company’s new private label, Petersen Hastings Private Trust, enables it to provide complete trust services to clients to facilitate their wealth transfer and estate planning objectives, in addition to its wealth management services. Petersen said marketing their own trust services offers clients the ability to work with the professionals they know and trust in all wealth-management planning situations. uTRUST, Page 41

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Tri-Cities Area Journal of Business - February 2016 by Tri-Cities Area Journal of Business/Senior Times - Issuu