News
Leasing and Development
Dec/06/2010

Zome Design to open silk screen shop

Ed Clark's How's Business

Spokane Edition
Ed Clark / info@spokanehowsbusiness.com

Zome Design, LLC, a silk screen company, has leased approximately 8,000 square feet of space in Building #3 of the Spokane Business & Industrial Park, at 3808 N. Sullivan Road in the Spokane Valley. The business, owned by Brayden Jessen, offers screen-printing, embroidery, tackle-twill and more.They can print from one garment to one hundred thousand. Zome Design also specializes in web solutions offering design and development, hosting, e-commerce and search engine optimization. Zome Design's phone number is 509-279-2034. The Website is zomedesign.com. The lease activity was completed by Chase Breckner, marketing specialist at the Spokane Business & Industrial Park and Erik Nelson of Kiemle & Hagood Company.

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Leasing and Development
Nov/05/2010

DirecTV leases storage building

by Bert Caldwell
Here's the Dirt Weekly Report
The Spokesman Review

Satellite entertainment company DirecTV, Inc. has leased 10,600 square feet in Building 33 of the Spokane Business & Industrial Park, at 3808 N. Sullivan Road.

The company is using the building to store equipment and supplies.


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Leasing and Development
Oct/21/2010

Green Home moves to The Park

Journal of Business

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

Boise-based Green Home LLC, a home energy-efficiency improvement contractor, has leased 4,200 square feet of space in the Spokane Business & Industrial Park, at 3808 N. Sullivan, and has opened a branch office there. Chase Breckner of Crown West Realty LLC, handled the transaction.


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Acquisition and Investment
Sep/12/2010

Petrus Partners Acquires 160 acres of Residential Land in Surprise, AZ

www.dbusinessnews.com

SURPRISE, AZ - Petrus Partners Ltd. (“Petrus”), in association with Voyager Investment Properties, LLC (“Voyager”) of Scottsdale, AZ (Mark Voigt and Dave Rogers, Principals), has purchased for $1.44 million 160 acres of residential land planned for a 416-home master planned community called Soleada. The seller was Compass Bank and the closing marked Petrus’ fifth acquisition of bank-owned (REO) residential land in Phoenix since October 2008. James A. Hotis of The Hogan Group represented Petrus while Scott A. Hintze of Nathan & Associates, Inc. acted as the seller’s broker.

Soleada is located at the northeast corner of Lone Mountain Road and 195th Avenue. The parcel lies east of U.S. Route 60 (Grand Avenue) and adjacent to the Sun Haven master planned community’s eastern border and in close proximity to Cielo Crossing, Grand Vista, and Burlington Northern Santa Fe’s planned rail yard and intramodal facility. These projects make up the majority of the City of Surprise’s Special Planning Area IV, a planned wastewater and water utility infrastructure district. Petrus and Voyager plan to sell the project to a homebuilder or developer once the housing market recovers.

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 series of discretionary investment funds totaling over $200 million of equity and owns and manages land development investments together with eight million square feet of office, industrial, and mixed-use properties nationwide. Soleada represents the Group’s 23rd property acquired in the Phoenix M.S.A. since 2001.

Petrus actively seeks additional investment opportunities in residential lots and entitled and un-entitled land in the Phoenix M.S.A. Potential acquisition candidates should be submitted to Frank Walter, President of Petrus Partners at 212-977-3708 or frankwalter@petruspartners.com.

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Leasing and Development
Aug/12/2010

Spokane Valley business park lands 5 new tenants

Journal of Business

By Mike McLean
mikem@spokanejournal.com

Freight carrier, cold-food distributor join lessees at big commercial center

SPOKANE, WA- The Spokane Business & Industrial Park has leased space to five new tenants, including a long time Spokane trucking company, a food-products distributor, a manufacturer of specialty moldings, a sheet-metal fabricator, and a concrete polisher, SBIP says.

The long-haul trucking company, Victor Chimienti Inc., has leased 4,800 square feet of space in the park, which is located at 3808 N. Sullivan Road, in Spokane Valley, and has moved there from larger quarters in the Great Northern building near Spokane Falls Boulevard and Hamilton Street. Seattle-based McKinstry Co. recently bought the 52,000-square-foot Great Northern building and plans to consolidate its Spokane operations there.

Victor Chimienti, which is headed by Von Chimienti, the son of the company's founder, owns three trucks and has five employees, including four truck drivers.

Another new tenant, Beaverton, Ore.-based Reser's Fine Foods, has leased 6,000 square feet of space in SBIP, the park says. Reser's manufactures and distributes refrigerated food products and plans to use the leased space as a distribution point serving Spokane-area retail stores, says Paul Leavy, Reser's Beaverton-based chief financial officer. Three salespeople are based at the site.

The space there will replace similar space Reser's is leasing in North Spokane, Leavy says. He says the company's total annual sales are holding steady at about $650 million, and its Spokane area sales also are stable with some segments, including Mexican foods, continuing to grow.

The three other new tenants couldn't be reached for comment. They include:

Hardwood & Molding Specialties Inc., a custom molding manufacturer, which SBIP says has leased 7,200 square feet of space in the park and has moved there from 18001 E. Euclid Ave.

Skyline Maintenance Inc., doing business as Coil-Tech, a custom sheet metal fabricator, which SBIP says, has leased 12,000 square feet of space there.

Creative Surface Inspirations LLC, a Coeur d'Alene-based concrete-polishing concern, which SBIP says has leased 1,250 square feet of space and plans to move its Spokane operation there.

Dean Stuart and Chase Breckner, both of Spokane-Valley based Crown West Realty LLC, handled the leases. Crown West owns and operates SBIP.

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Leasing and Development
Jul/24/2010

Spokane Valley nutritional bar maker buzzes along

Down to Earth News

By Sandra Hosking
Down to Earth NW Correspondent

BumbleBar improving operations, options this year


SPOKANE VALLEY, WA-After a down year last year, BumbleBar, a nutritional snack-bar maker, is making a bee line toward record revenues this year. In addition, the Spokane Valley company is preparing to launch new products soon.

BumbleBar recently bought new equipment that will help streamline its production process and plans to buy a cartoner, which will package its new line of products - junior-size bars, says Liz Ward, who owns the company with her husband, Glenn. The packs, which are expected to hit the market within the next few months, will be sold in sets of 12, either including one flavor or a variety of flavors.

While original BumbleBars are 1.6 ounces, about the size of a full-size Hershey's chocolate bar, the junior BumbleBars will be about a third of that. "We've had a lot of requests for that over the years," Ward says. "A lot of kids eat our BumbleBars, and a lot of times the bars are too big for a kid."

All of the company's bars are seed-based, vegan, and gluten-free, and are geared toward people who have food intolerances or who just want a healthier snack. Their ingredients are "ethically sourced," meaning they come from farms and co-ops worldwide that use organic farming methods. The bars cost between $1.79 and $1.99 each. Flavors include peanut, cashew, chocolate, cherry, lemon, and more.

Next year, the company plans to launch a new line of bars, called BumbleBar Active, that won't be seed-based but will be dairy- and gluten-free and will have more protein.

Finding ingredients that are produced by socially responsible growers can be a challenge but also is important to the company's mission. "We know who the grower is. The source is someone who puts money into education for the workers and makes it a good situation for them," Ward says.

As a result, ingredients hail from all over the world. The flax seeds it uses come from a Canadian co-op, while other ingredients originate in Central America. The almonds in its most popular bar come from Baugher Ranch Organics, a Northern California ranch that farms with horses.

As part of its company policy, BumbleBar has committed to using ingredients produced by organic farmers to avoid pesticides and the pollution caused by conventional farming methods, Ward says.

The Wards launched BumbleBar in Seattle in 1995. After searching for an organic snack bar for herself, Ward, who enjoys the outdoors, decided to make one.

"I was just kind of fiddling around," she says. "I love to cook." Her first flavors were peanut and chocolate crisp. Receiving positive feedback from friends who tried the bars, inspired her to sell them. Ward picked the name BumbleBar because it "sounded sweet and natural and bees are one of the first animals affected by pesticides, so it made sense to me."

When she first began making the bars, she rented a commercial kitchen by the hour and did everything by hand. Even though the company now has equipment and a production staff, "we still have a very handcrafted process," she says.

Ward wanted BumbleBar's products to be organic and vegan. "We're also committed to gluten-free because it's a really underserved population, and it makes me happy to give them something that tastes good," she says.

The couple moved the company to Spokane six years ago, in part for a better lifestyle. "Our move to Spokane has been really good for us," Ward says. "Our business kept growing, and we were looking at a four-hour commute, and that doesn't fit in with any sort of family life," she says. So, the couple researched different places around the Northwest, including Spokane and Coeur d'Alene. "Spokane was awesome," she says, "kind of a hidden gem."

BumbleBar currently employs six people aside from the owners, including a Seattle-based sales director. It leases about 12,000 square feet in two buildings at the Spokane Business & Industrial Park, which house its offices, production facility, and warehouse. The company produces from 7,000 to 15,000 bars a day, depending on demand, Ward says. Those bars are then sold at about 3,000 outlets across the U.S. and Canada.

The company also develops and makes bars for other companies, some of whom are large but whom Ward declines to name.

She develops all the new products and flavors. "I love to be creative," she says.

Ward starts the development process by brainstorming ideas based on her own thoughts or suggestions by her clients. "I spend a lot of time trying to figure out what we're going to use and where we're going to get it," she says. She enjoys researching sources for new ingredients. "It's really fun learning about new things all the time."

While Ward likes all of the BumbleBar flavors - since they are made to her taste - apricot is her current favorite. "We really enjoy what we do, and I feel really lucky that I get to do something I'm so passionate about," she says.

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Leasing and Development
May/20/2010

Concrete Works Statuary has a concrete business plan

Journal of Business
By Kim Crompton
kimc@spokanejournal.com

Curtiss and Laura Grenz, who own the 15-year-old business, attract a lot of repeat customers.


SPOKANE, WA-After living and working for a time in northern California, Spokane Valley natives Curtiss and Laura Grenz were eager to return here, and they found a concrete way to do that, literally. They founded a business through which they used an initial handful of molds to begin producing concrete fountains and other items used for yard decorations.

That endeavor has evolved into a 15-year-old company, Concrete Works Statuary Inc., that now employs a total of 12 people - about half of them year-round and the rest seasonally - at a retail location at 205 S. Pines and at a 14,000-square-foot production facility in the Spokane Business & Industrial Park.

The business now has roughly 1,000 molds it uses to make concrete products ranging from classic fountains and water features to statues, tables, benches, planters, stepping stones, and animal figurines. Though its sales have dipped over the last couple of years due to the recession, Curtiss Grenz says he's pleased with the overall growth of the enterprise.

"I think it's been satisfactory, most definitely," Grenz says. "People have enjoyed our products, and we have hundreds of repeat customers. Spokane has been a great place to start our family business."

Concrete Works' retail facility on Pines, which occupies a little over an acre of land, is open April 1 through mid-October. The company, though, also operates temporary stores in the Spokane Valley Mall and NorthTown Mall during the holiday season, and sells its products through exhibits at home-and-garden shows from the end of January through early March. Its production plant runs year-round.

It plans to open an unstaffed booth shortly at the Columbia Center mall, in the Tri-Cities, where it will display some of its products and have literature and ordering information available, Grenz says. "If that goes well, we'll try the Missoula market and probably the Boise market with the same idea" soon thereafter, he says.

Also, he says, "Our goal now is to really put some time and effort into the Internet," and build up sales through the company's Web site.

Grenz declines to disclose Concrete Works' annual revenues, but says they've fallen about 20 percent since peaking in 2007, and before that had been trending upward at a rate of 5 percent to 10 percent a year. The recent decline has been softened by the upswing in stay-at-home vacations, which has contributed to sales of decorative yard items, he says.

The downturn still has taken a toll on the company's revenues, though, and Grenz says customer hesitancy has convinced him that he shouldn't expect a quick recovery.

"They're very cautious, looking for a great deal. We're having to run sales when we normally wouldn't have to," Grenz says. Of the near-term market outlook as it relates to the business, he says, "I think we have another year to be cautious," because it likely will take that long for consumer spending to regain any momentum.

The Grenzes, both University High School graduates, moved to northern California in 1986, and lived in Lodi, northeast of the San Francisco Bay area, for 10 years before returning to Spokane. Curtiss Grenz was employed there by Martin-Brower Co., a distribution business that serves McDonald's Corp.

He says, though, that, "This was always home. I always wanted to be back in Spokane if there was an avenue to get me there."

Grenz says the opportunity to move back here emerged when he crossed paths with someone who offered to teach him how to make concrete decorative products if Grenz would buy from him the molds needed to pour those pieces.

The Grenzes initially bought a truck-load of finished products to sell, then began buying molds. When they returned here in 1996, bringing the molds with them, they immediately began pouring concrete products in his parents' backyard, using a small, half-cubic-yard mixer and mostly destroying the yard, he says. Initially, they sold their products just at temporary street-corner locations and at craft fairs, they say.

In 1997, they moved the manufacturing operation to a leased 1,200-square-foot space near the intersection of Park Road and Broadway Avenue in the Valley, and then in 1999, they moved it to a 5,000-square-foot space at 9517 E. Fourth in the Dishman-Mica area, where they also had enough room for a retail shop.

In 2000, the couple moved the retail outlet to its current location on Pines and the manufacturing operation to the Airway Heights Corrections Center. There, the plant operated under a Washington State Department of Corrections' Correctional Industries program through which businesses could set up facilities inside a prison and employ inmates, though they were required to pay market wages.

"The labor force and everything was incredible," but keeping the manufacturing operation there ultimately proved inconvenient, due partly to its distance from the retail outlet, Grenz says. So in 2004, Concrete Works moved the operation to the Spokane Business & Industrial Park, and that location has worked out well.

The company has a 2-cubic-yard concrete mixer there that's capable of adding stored ingredients by volume, allowing for concrete to be poured continuously. It also has a 20-ton-capacity silo that holds the cement used in the concrete, he says.

"All of it is automated now, compared to when we were dealing with buckets and shovels," Grenz says.

The company uses in its concrete a special blend of sand and gravel that it buys from Spokane Rock Products Inc., and it uses the equivalent of seven 94-pound sacks of cement per cubic yard of concrete, compared with a typical five-sack mix used in driveways, he says.

The extra cement, combined with air, fiber, and a plasticizer that are added to the mix, boost the strength of the concrete and help it to withstand damage due to the dramatic outdoor temperature changes that occur in the Northwest, Grenz says.

Concrete Works' retail lot includes an 800-square-foot main building, where customers can place orders and buy accessories and retailed supplies such as water pumps, tubing, accent lights, and concrete sealant, and a couple of smaller support structures. Most of the lot, though, is devoted to working displays of some of the company's fountains and other water features, as well as a selection of its smaller products. Prices range from less than $10 for a small animal figurine to more than $1,300 for the Monster Triad, a triple water fountain that resembles three natural basalt rock columns, stands more than 5 feet tall, and weights close to a ton. Though the Spokane area has a lot of native basalt, all of the angular basalt-like water features sold by Concrete Works are made of concrete.

Grenz says he oversees retail sales there, and his wife handles the office management. Two of the couple's three children help out there as needed. The company's other employees work mostly at the plant. Despite the recession-caused dip in sales and his expectation of little recovery this year, he say he feels good about Concrete Works' future.

People increasingly seem to want to make the outdoor spaces at their homes more useable and aesthetically appealing, which translates into long-term demand for concrete decorative pieces, including possibly for items such as concrete fire rings and outdoor fireplace surrounds, he says, so, "There's definitely room for growth."

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Leasing and Development
Apr/23/2010

Precision Machine to double space

Journal of Business

By Kim Crompton

Crown West to expand Lewiston-based company's building at big industrial park


SPOKANE, WA-Precision Machine & Supply Inc., a fabrication and precision machining company based in Lewiston, Idaho, plans roughly to double its space at a repair center it operates in the Spokane Business & Industrial Park, in Spokane Valley.

Dan Wenstrom, Precision Machine's owner, was out of the country last week and unavailable for comment, and his son, Dana, who operates the Spokane shop, also couldn't be reached for comment. Recently, however, the city of Spokane VAlley issued a notice of determination of nonsignificance in connection with a proposed 15,600-square-foot expansion of the 18,500-square-foot building that Precision Machine leases at 15708 E. Marietta, on the south side of the big industrial park.

Dean Stuart, director of marketing at Crown West Realty LLC, which owns and operates the industrial park, says he expects a building permit for the project to be issued by the end of this month, and adds, "We're ready to go. As soon as the permit is received, we'll be moving dirt."

Stuart says the addition will include some office space, but that it will be used largely for production and will about double the Precision Machine's production space. He declined to say how much the addition is expected to cost, but he expects it to be completed in October. Russell Page Architects of Spokane, designed the project, and Vandervert Construction Inc., also of Spokane, will be the general contractor, he says.

Precision Machine's web site says the company does various types of fabrication and machining and that its Spokane Valley facility specializes in the repair and rebuilding of compressors, pumps, blowers, and heat exchangers. Along with the work it does in its shop, it goes into the field to do on-site machining when customers require it, the web site states.

"We specialize in improving the productivity of industrial equipment by installing better components or by redesign. We pride ourselves on taking on the unusual task, whether it be in welding of exotic metals, or special application of heat-treated or hand-surfaced replacement parts," the company says.

Precision Machine has had a satellite operation at the Spokane Business & Industrial Park for at least several decades. In 1990, it doubled its space there to about 20,000 square feet, and about six years ago, it relocated to its current, similar-sized space there.

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Leasing and Development
Apr/05/2010

CyberSource moves to Flatiron Parkway

Boulder County Business Report

By Business Report Staff
www.bcbr.com


BOULDER, CO-CyberSource Corp., an electronic-payment company, has moved into a new office in Boulder and is expanding its staff.

Mountain View, Calif.-based CyberSource, which has an office in Boulder, moved its local campus to 5775 Flatiron Parkway, Suite 230, in Flatiron Park business park.

Company spokesman Bruce Frymire said CyberSource has been hiring at all of its locations despite the recession.

Right now the company, which provides online-payment processing, risk management and security for businesses accepting online credit card payments, has about five employees locally and more than 600 companywide.

The company is planning to hire in Boulder a development manager, operations manager, solutions architect, project manager, payments consultant, customer support analyst and payment-data security analyst.

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Leasing and Development
Mar/25/2010

McVay Brothers start up window plant

Journal of Business

By Mike McLean

Spokane Valley-made product lines to be sold throughout the Northwest. Coeur d'Alene Window Co. is located in the Spokane Business & Industrial Park and initially will employ 10 people.


SPOKANE, WA-McVay Brothers Inc. is getting back into the window-making business, says Mike McVay, the company's owner and president.

The longtime Spokane Valley supplier and installer of windows, siding, roofing, and gutters planned to start production this week at its new subsidiary, Coeur d'Alene Window Co., McVay says. The new window manufacturing plant is located in 16,000 square feet of leased space in the Spokane Business & Industrial Park, at 3808 N. Sullivan.

McVay Brothers sold its original window manufacturing division to Liberty Lake-based Window Products Inc. in 2004. Window Products later changed its name to Cascade Windows. At the time of the sale, McVay Brothers' then 30,000-square-foot manufacturing plant, at 1805 E. Trent, employed 62 workers and had annual sales exceeding $10 million.

McVay says he expects Coeur d'Alene Window will start up with 10 employees, and the company will hire additional employees as sales grow. Its products will be marketed throughout the Pacific Northwest and California, he says.

"We'll sell them through McVay Brothers within 200 miles of here," McVay says. "Outside of this area, Coeur d'Alene Window will sell to other contractors and remodelers directly."

McVay Brothers handles its distribution and installation of siding, roofing, gutters, and windows through its sales-and-distribution complex at 11420 E. Montgomery Drive, where the company employs 75 people. The complex includes a 6,400-square-foot, office-and-showroom building, and two other buildings with a combined 16,200 square feet of warehouse space.

McVay Brothers currently sells and installs windows made by Cascade and Pella, Iowa-based Pella Corp., but McVay says McVay Brothers will phase out the Cascade brand and replace it with Coeur d'Alene Window's products.

Coeur d'Alene Window will manufacture two lines of windows, he says. One line will be sold under the brand Pend Oreille and will be targeted at the new-construction market. The other line, called Coeur d'Alene, will be the company's premier line and will be targeted at the remodel market.

McVay says he expects Coeur d'Alene Window's annual revenues will exceed McVay Brothers' revenues within four years.

He says he chose to name the window company Coeur d'Alene Window, because "I thought it was a good, strong regional name, and we may move the manufacturing facility to Idaho at some point."

His brother, Mark McVay, former president of McVay Brothers, left the company to take an executive position with Window Products when McVay Brothers sold its original windows division. He returned to McVay Brothers about a year ago and now is the sales director there. McVay Brothers was founded here in 1955 by their father, Harrison McVay Sr., and uncle, Warren McVay.

Chase Breckner, of Crown West Realty LLC, which owns the Spokane Business & Industrial Park, handled Coeur d'Alene Window's lease.

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