News
Leasing and Development
Dec/18/2008

Gale Contractor Services

Journal of Business

Real Estate Roundup
Compiled by Mike McLean / mikem@spokanejournal.com


SPOKANE - Daytona Beach, Fla.-based Builder Services Group Inc., doing business as Gale Contractor Services, which sells and installs building and home-improvement products, has leased 20,000 square feet of floor space in the Spokane Business & Industrial Park, at 3808 N. Sullivan, where it moved its Spokane Valley office from 5414 E. Broadway. Dean Stuart, of Crown West Realty LLC; Boug Byrd, of Byrd Real Estate Group; and Al Leszczynski, of Colliers International, handled the transaction.

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Leasing and Development
Dec/18/2008

Moose Among Moose Inc.

Journal of Business

Real Estate Roundup
Compiled by Mike McLean / mikem@spokanejournal.com


SPOKANE - Moose Among Moose Inc., a laser-etching service and automotive-repair equipment distributor, has leased 8,000 square feet of floor space in the Spokane Business & Industrial Park, at 3808 N. Sullivan. Chase Breckner, of Crown West Realty LLC, handled the transaction.

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Leasing and Development
Dec/04/2008

Fresenius Medical Care North America

Journal of Business

Real Estate Roundup
Compiled by Mike McLean / mikem@spokanejournal.com


SPOKANE - Fresenius Medical Care North America, a Waltham, Mass.-based provider of kidney dialysis services, equipment, and supplies, has leased 4,000 square feet of warehouse space in the Spokane Business & Industrial Park, at 3808 N. Sullivan. Chase Breckner, of Crown West Realty LLC, handled the transaction.

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Leasing and Development
Nov/20/2008

Walgreen Co.

Journal of Business

Real Estate Roundup
Compiled by Mike McLean / mikem@spokanejournal.com


SPOKANE - Walgreen Co., the Deerfield, Ill. based drugstore chain, has leased about 2,700 square feet of space in the Spokane Business & Industrial Park, at 3808 N. Sullivan, for centralized repair services for corporately owned electronic and office equipment for its Spokane-area stores. Dean Stuart of Crown West Realty LLC, and Scott Person, of NAI Black, handled the transaction.

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Leasing and Development
Nov/20/2008

Click Distributing East Inc.

Journal of Business

Real Estate Roundup
Compiled by Mike McLean / mikem@spokanejournal.com


SPOKANE - Click Distributing East Inc., a new Spokane Valley-based beer and wine distributor, has leased 9,600 square feet of space in the Spokane Business & Industrial Park, at 3808 N. Sullivan. Chase Breckner, of Crown West Reatly, handled the transaction.
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Leasing and Development
Nov/11/2008

JR Engineering Grabs Space at Corporate 25

Firm leases 20,715 SF in Centennial


By Jody Thompson (jthompson@costar.com)
November 11, 2008
CoStar Group

JR Engineering leased 20,715 square feet of office space at 7200 S. Alton Way in Centennial, CO. The firm will occupy space on the first and fourth floors, and move-in is set for next January.

Built in 1981, the 134,350-square-foot office building is on approximately 6.7 acres and is known as Corporate 25. It features panoramic mountain views and a new lobby.

Dan Miller, Jo Sigdestad and Douglas Wulf of Fuller Real Estate represented the landlord, Crown West Realty. Dan McGowan and Mike Rooks of John Lang LaSalle represented the tenant.

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Leasing and Development
Nov/06/2008

Trading Co. Stores Food & Drug

Journal of Business

Real Estate Roundup
Compiled by Mike McLean / mikem@spokanejournal.com


SPOKANE - Bonners Ferry, Idaho-based Bonner Foods, Inc., doing business as Trading Co. Stores Food & Drug, has leased 4,000 square feet of floor space in the Spokane Business & Industrial Park, at 3808 N. Sullivan, for storage and distribution of dry goods. Dean Stuart, of Crown West Realty LLC, handled the transaction.

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Leasing and Development
Oct/23/2008

Fresenius Medical Care North America

Journal of Business
Real Estate Roundup
Compiled by Mike McLean / mikem@spokanejournal.com


SPOKANE - Fresenius Medical Care North America, a Waltham, Mass.-based provider of dialysis services, supplies, and equipment, has leased 4,000 square feet of warehouse space in the Spokane Business & Industrial Park, at 3808 N. Sullivan. Chase Breckner, of Crown West Realty LLC, handled the transaction.

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Leasing and Development
Oct/09/2008

Seattle-based wine, beer distributorship to open here

Journal of Business

By David Cole of The Journal of Business


Click Wholesale plans to serve North Idaho and Eastern Washington

SPOKANE - Seattle based Click Wholesale Distributing Inc., a distributor of wine and specialty beer, plans to open a new wine and beer distributorship that will serve parts of Eastern Washington and North Idaho, the company's top executive says.

The new distributorship will be called Click Distributing East, and it will operate from leased facilities at 3808 N Sullivan in Spokane Valley and at 1379 Biztown Loop, in Hayden, Idaho.

It will distribute fine wines and specialty beers to retailers and restaurants.

Jim Florio, the company's chairman and CEO, says Click's two new facilities tentatively are expected to begin operating on Oct. 20.

Florio says Click decided to establish a presence here because a Spokane-area distributor, Harvest Vine Distributing, is closing later this month.

"That left many of our brands with few distribution choices, in Eastern Washington and North Idaho," Florio says. A representative of Harvest Vine couldn't be reached for comment.

Click will hire a total of 11 people to staff the Spokane Valley and Hayden facilities, Florio says.

The additional workers will boost the company's total workforce to 64 employees.

The company's main distribution center for Eastern Washington will be at the Spokane Valley location, which will have about 10,000 square feet of floor space, Florio says.

Click also, however, will have a small office along with some inventory at the Hayden warehouse, which will occupy about 1,200 square feet of floor space, says Florio.

The Spokane Valley and Hayden warehouses should meet the company's growth needs for about two to three years he says.

At that time, the company has options to move into larger spaces if necessary, Florio says.

The company's Western Washington business has increased by about 20 percent this year, says Florio.

"We are experiencing tremendous growth in the craft-beer segment and look to see this trend continue for quite a while," he says.

The company is adding warehouse space in Western Washington, along with other operational resources, and employees.

By early next year, Click plans to move from a 12,000 square foot warehouse in Seattle to one there that's 36,000 square feet.

Click Wholesale Distributing Inc., founded in 2002, is co-owned by Florio and Rick Steckler. In Western Washington the company serves customers in King, Pierce, Snohomish, and Thurston counties.

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Acquisition and Investment
Oct/07/2008

Petrus Partners Acquires 67 Finished Residential Lots in Goodyear, AZ

www.real-estate.dbusinessnews.com

GOODYEAR, AZ - Petrus Partners Ltd. (“Petrus”), in association with Voyager Investment Properties, LLC (“Voyager”) of Scottsdale, AZ (Mark Voigt and Dave Rogers, Principals), has purchased 67 finished residential lots in Estrella Mountain Ranch Parcel 9.2 in the Estrella master planned community for $2.27 million. The seller was Arizona Business Bank of Phoenix, AZ. Patrick Burch of Grubb & Ellis|BRE Commercial, LLC brokered the transaction.

The Estrella master planned community comprises over 20,000 acres, located 17 miles west of Phoenix and eight miles south of I-10 via Estrella Parkway. Newland Communities (“Newland”) of San Diego is Estrella’s master developer and projects that, over the next 25 years, its portion of the project will eventually include 38,000 single family detached homes, 9,000 multifamily units, 1,600 acres of commercial uses and 4,700 acres of golf courses, parks and open space. Newland and the Kitchell Corporation are currently constructing Mountain Ranch Marketplace, a 170,000 square foot shopping center anchored by a Bashas’ supermarket, scheduled to open in the fall of 2009.

Estrella Mountain Ranch Parcel 9.2 lies within the Montecito district at the intersection of Calistoga Drive and Galveston Drive in close proximity to Estrella Parkway. The lots are 7,200 square feet (60’ x 120’) and were previously owned by INCA Capital in a land banking arrangement for Rosewood Homes of Scottsdale, AZ. The Estrella purchase represents Petrus’ 19th acquisition in Greater Phoenix since 2001 and its second investment in residential land since July 2008. Petrus and Voyager plan to hold the finished lots for investment purposes.

Petrus Partners is the parent company of Crown West Realty, a full-service real estate investment, development, and management firm with offices in New York City, Phoenix, Denver, and Spokane. The Petrus Partners-Crown West Group manages a $125 million discretionary equity investment fund and owns and manages land development investments together with eight million square feet of office, industrial, and mixed-use properties nationwide. Petrus actively seeks additional investment opportunities in residential lots and entitled and un-entitled land. Potential acquisition candidates should be submitted to Frank Walter, President of Petrus Partners at (212) 977-3708.

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