New Corporate Headquarters' Progress
August 7, 2015
Merchants Bonding Company™ announced plans in September 2014 to expand into a new corporate headquarters in West Des Moines, Iowa. The new, larger headquarters is needed to accommodate Merchants’ growing workforce and will be located at 6700 Westown Parkway. Merchants has 133 associates, with 106 employed at the Des Moines office and the rest at offices in Austin and Dallas, Texas; Seattle, Washington; Greater Kansas City, Kansas; and Phoenix, Arizona. “We have seen a decade of steady growth for our company,” said President Larry Taylor. “This expansion is an investment in the future.”
Merchants Bonding will be leasing the new building from the property developer, Ryan Companies U.S. Inc. Ryan Companies and its partner, OPN Architects, Inc., will design and construct the two-story, 50,000 square-foot facility. The class “A” office building will meet Merchants’ current and future space needs, with an open floor plan that promotes employee engagement and collaboration.
“Our great-grandfather started this Iowa company in 1933,” said Taylor. “For years, Merchants Bonding was at 2100 Grand Avenue, but the old mansion was torn down to make way for the new Martin Luther King Parkway. We purchased our current building, at 2100 Fleur Drive, in 1995. Since then, we doubled the size of the main building, then purchased the building next door, and added an enclosed connecting walkway, creating about 37,000 square feet of work space. With 22 percent growth in our Des Moines office over the past five years and plans to continue growing, it was time to add space and redesign our work environment,” said Taylor.
Groundbreaking on the new Merchants Bonding headquarters took place in October 2014 with expected completion by fall of 2015. “We are excited to be a part of job growth in Iowa and especially to continue to add to the vibrancy of Greater Des Moines,” said Taylor.
Read more in the Des Moines Business Record.
Merchants Bonding Company was founded in Des Moines in 1933 and is led by fourth generation family members. The company ranks 15th among the top surety providers in the United States and is number one in Iowa. Merchants Bonding has had an A.M. Best Rating of “A” excellent for 56 consecutive years. Office locations include: Des Moines, Iowa; Dallas and Austin, Texas; Seattle, Washington; Phoenix, Arizona; and Kansas City, Kansas.
For More Information:
VP Marketing Merchants Bonding Company
Direct: 515-558-8721 Mobile 515-822-1194