The former TierOne Corp. headquarters in downtown Lincoln is up
for sale, but Great Western Bank, which took over TierOne Bank,
says they’re not leaving. 

Colin Anderson, Great Western’s regional president for Nebraska,
said the building at 13th and N streets is actually owned by the
Federal Deposit Insurance Corporation, which closed TierOne last
June.

Anderson said Great Western had an option to buy the building at
the time but chose not to do so.

Instead, the bank has been negotiating with the FDIC for eight
months on a long-term lease that has multiple renewal options,
which Anderson said should be finalized in the next couple of
weeks.

“We’re going to continue to occupy some major space in the
building,” he said.

Great Western is the main tenant in the nearly
200,000-square-foot complex, which actually is three connected
buildings running between 12th and 13th streets along N Street, as
well as a parking garage.

Anderson said Great Western has between 30,000 and 40,000 square
feet of space, less than TierOne occupied.

According to a listing on a national commercial real estate
website, about one-third of the building is vacant.

An asking price for the complex has not been disclosed. It has
been assessed for tax purposes at nearly $9.6 million.

FDIC officials could not be reached for comment.

Reach Matt Olberding at 402-473-2647 or
molberding@journalstar.com