Nautilus Inc. is close to relocating its headquarters within the Columbia Tech Center campus, with more than 80 percent of its new, smaller building's construction completed and with the move-in expected to wrap up in September.
"We'll be moving in several waves over the next three or four weeks," Bill McMahon, chief operating officer for the Vancouver-based manufacturer of fitness equipment, said Monday. McMahon said the company also plans to give media a tour of the new building in September. "It's mostly together," he said of the new office space at Southeast 177th Avenue and Southeast Sixth Way.
The company — which employs 240 workers in Vancouver, 30 at its distribution center in Portland and 20 in Shanghai, China — announced in July 2011 that it would leave its current offices at Columbia Center at Columbia Tech Center, 1115 S.E. 164th Ave., by Sept. 1 of this year.
The relocation is occurring under an agreement Nautilus reached with its landlord, Portland-based PacTrust Realty Inc., which is building Nautilus' new, 51,833-square-foot headquarters. Nautilus now occupies about 72,000 square feet on the third floor of the 478,000-square-foot Columbia Center, which has welcomed both PeaceHealth — the parent company of PeaceHealth Southwest Medical Center — and Hewlett-Packard Co. as tenants.
Nautilus has said the relocation achieves several goals, including saving money for its shareholders, enabling the company to stay on the same campus in east Vancouver and helping PacTrust make room for PeaceHealth's relocation of jobs to Columbia Center as it makes Vancouver its new corporate headquarters.
McMahon said Nautilus' new building will include a gym for employees and a showroom. "We're very excited about moving in here," he said.
The company is slated to report its financial results for the second quarter ended June 30 on Aug. 6. The company posted a profit of $2.5 million for the three-month period ended March 31, or 8 cents per share.
That compared to a profit of $1.6 million, or 5 cents per share, for the first quarter of 2011.
Nautilus stock, which trades as NLS, closed up 2 cents Monday, at $3.18 per share. The company's shares have traded between $1.32 and $3.64 in the past 52 weeks.