LATHAM — Regional developer First Columbia today announced that Northwestern Mutual, a Fortune 500 financial services company that offers a variety of insurance and investment solutions, is expanding at 1201 Troy Schenectady Road.

The Milwaukee, WI-based business is acquiring an additional 4,000 square feet at the 26,376-square-foot facility, which is called Riverhill Center.  In 2003, Northwestern Mutual was the first business to move into the property.  First Columbia redeveloped the three-building complex, which overlooks the Mohawk River, following the departure of Kaiser Permanente in 2002.

“We are expanding at 1201 to accommodate for an exceptional few years of growth,” said Alex Tronco, managing partner, Northwestern Mutual Financial Network-Latham. 

“We have brought on 34 financial representatives to the Capital Region offices over the course of 2015 and require the space for them as well as their staff.”

Tronco said that the company remains in full growth mode and recently opened up a new branch in Troy, as well as acquired two new offices in the Mid-Hudson region to better serve clients.  Northwestern Mutual Financial Network-Latham plans to hire additional staff in 2016, including financial representatives.  

“We are delighted that Northwestern Mutual is growing and expanding its footprint at Riverhill Center,” added First Columbia Partner Deb Mikhitarian-Russell. “Northwestern Mutual’s continued success is also gratifying for our company, as it shows that once again we are able to meet the needs of our tenants by finding additional or better fitting space. Our goal isn’t to be a landlord, but rather a partner that can accommodate its tenants’ evolving growth needs.” 

For additional leasing space information, contact Patricia McGrath at (518) 213-1000 or info@riverhillcenter.com.

About First Columbia

First Columbia is a diversified real estate/investment organization committed to planning, developing, and operating high quality facilities. Its projects include corporate buildings, office campuses, medical complexes, senior housing, hospitality, and high-tech facilities. For additional information, visit firstcolumbia.com or call (518) 213-1000.

About Northwestern Mutual

Northwestern Mutual has been helping families and businesses achieve financial security for nearly 160 years. Our financial representatives build relationships with clients through a distinctive planning approach that integrates risk management with wealth accumulation, preservation and distribution. With more than $230 billion in assets, $27 billion in revenues and more than $1.5 trillion worth of life insurance protection in force, Northwestern Mutual delivers financial security to more than 4.2 million people who rely on us for insurance and investment solutions, including life, disability and long-term care insurance; annuities; trust services; mutual funds; and investment advisory products and services.

Northwestern Mutual is the marketing name for The Northwestern Mutual Life Insurance Company, Milwaukee, WI, and its subsidiaries. Northwestern Mutual and its subsidiaries offer a comprehensive approach to financial security solutions including: life insurance, long-term care insurance, disability income insurance, annuities, investment products, and advisory products and services. Subsidiaries include Northwestern Mutual Investment Services, LLC, broker-dealer, registered investment adviser, member FINRA and SIPC; the Northwestern Mutual Wealth Management Company, limited purpose federal savings bank; and Northwestern Long Term Care Insurance Company.