Journal of Business
By Mike McLean
mikem@spokanejournal.com
Coast Aluminum & Architectural Inc., a Hayward, Calif.-based metal products distributor, has leased 24,000 square feet of space in the Spokane Business & Industrial Park, at 3808 N. Sullivan,where it has opened a warehouse and sales office. Chase Breckner, of the Spokane Business & Industrial Park, and Vic Plese, of Plese Realty LLC, handled the transaction.
Journal of Business
By Mike McLean
mikem@spokanejournal.com
Bartlett Motors, a wholesale auto brokerage, has leased 5,400 square feet of space in the Spokane Business & Industrial Park, at 3808 N. Sullivan. Chase Breckner, of the Spokane Business & Industrial Park, negotiated the lease.
Inside Tucson Business: News
Roger Yohem, ryohem@azbiz.com
The last remaining undeveloped parcels in the massive 1,350-acre master-planned community of Gladden Farms in Marana have been acquired byPetrus Partners Ltd. of New York at an undisclosed price.
The purchase includes 500 undeveloped residential lots in Gladden Farms Phase I. In the Phase II section, Petrus Partners acquired 370 acres of entitled residential land and 120 acres of commercial property.
The seller was the Forest City Land Group, a subsidiary of Forest City Enterprises Inc., based in Cleveland, Ohio. Forest City launched Gladden Farms in 2003 and developed the master-planned community with attractive amenities such as trails, parks and baseball fields, and a 58-acre hospital campus site.
"We plan to be the new master developer of the community. Petrus is
Tucson, AZ – Petrus Partners Ltd. (“Petrus”) has acquired the Gladden Farms master-planned community, which includes 500 undeveloped residential lots in Phase I, and in Phase II, 370 acres of entitled residential land planned for 2,345 residential units and 123 acres of commercial property. Gladden Farms is located in the town of Marana, 24 miles northwest of the Tucson central business district. The seller was the Forest City Land Group, a subsidiary of Forest City Enterprises, Inc. (“Forest City”). Gladden Farms is Petrus’ 13th residential land acquisition in Arizona since 2008.
Forest City launched Gladden Farms in 2003 and developed within the master-planned community attractive amenities including trails, parks, baseball fields and other recreational facilities. During the past decade, Gladden Farms achieved great market acceptance as
Ed Clark's How's Business Report
info@howsbusiness.com
WAXIE Sanitary Supply has leased approximately 4,000 square feet of space in Building 25 of the Spokane Business & Industrial Park at 3808 N. Sullivan Road, Spokane Valley. Their primary business at this location is warehousing and distribution of sanitary maintenance supplies.
WAXIE Sanitary Supply has 21 Inventory Centers strategically situated in nine western states. Other locations in the northwest are Seattle, Portland, Boise and Idaho Falls. Each inventory center carries a full supply of sanitary products, janitor supplies and equipment. The website is waxie.com.
The Spokesman Review
From staff reports
Schweitzer Engineering Laboratories will open a Spokane Valley office in September.
It is the company's first office in Spokane County. About 40 employees commute from the Spokane-Coeur d'Alene area to Schweitzer Engineering's Pullman headquarters, and many of them could work at the new office, company spokeswoman Tammy Lewis said.
The engineering and manufacturing company is renovating a 7,000-square-foot office space at 3808 N. Sullivan Road. The company will lease the space - which had been a National Car Rental office - from Crown West Realty, according to a Monday news release from Schweitzer Engineering.
The new office will house research and development functions.
Dave Whitehead, vice president of research and development, said it makes sense for employees to "work in the office nearest to their
Journal of Business
By Treva Lind
treval@spokanejournal.com
Spokane Valley provider of storage, distribution reports uptick recently
SPOKANE, WA-Inland Empire Distribution Systems Inc., a Spokane Valley-based warehousing and distribution company, has seen a rise in the inventories it handled at the end of 2011 and early this year. It's the fastest growth pace since the recession hit about four years ago, says Jim Ewers, the company's president and CEO.
The privately-held enterprise also has plans to expand into other Pacific Northwest cities by next year, Ewers adds, although he declines for competitive reasons to say specifically what cities it's targeting.
IEDS is a large third-party logistics provider of warehousing, distribution, and transportation services with its headquarters in the Spokane Business & Industrial Park, at 3808 N. Sullivan
Journal of Business
By Mike McLean
mikem@spokanejournal.com
Liberty Lake electronics maker will test, release products from new facility
SPOKANE, WA-Telect, Inc., the Liberty Lake-based developer and manufacturer of communications networking equipment, says it has opened a new operational development center in Spokane Valley.
Telect has an initial staff of 10 employees at the center, which occupies 15,000 square feet of leased space in the Spokane Business & Industrial Park, at 3808 N. Sullivan, says Stan Hilbert, Telect's executive vice president and chief financial officer.
The company says it will use the operational development center to test new products and release them into rapidly changing communications markets from a site within seven miles of its headquarters, rather than distributing them from the company's manufacturing plants in Texas
Washington Distributor Signs Industrial Lease
By Hubert Smith III (hsmith@costar.com)
March 7, 2012
CoStar Group
Southern Wine & Spirits of Washington, an alcoholic beverage sales and distribution company, signed a new lease to occupy about 26,000 square feet in the industrial building located at 16005 E. Euclid Ave. in Spokane Valley, Washington.
The 24-foot high building totals about 32,000 square feet in the Valley submarket. The property was constructed in 2005.
Dean Stuart of Crown West Realty LLC represented the landlord. Frank Gallagher of Capital Structures Realty Advisors represented the new tenant.
PHOENIX, AZ. – Crown West Realty inked a fifteen-year, absolute net lease with K-12 public charter school management companies Choice Education and Development and EdKey, Inc., to occupy a single-tenant 26,000 square foot building in Arizona Business Park, located at 16454 North 28th Avenue in Phoenix. Choice and Edkey operate together as Sequoia Schools, and have 13 locations throughout the Valley. Sequoia’s Redwood school, currently located in Peoria, will be relocated to the building to become part of a campus with Arizona Academy for Arts and Academics, directly across the street.
“Crown West Realty acquired the property in a joint venture with Travelers as part of a ten building portfolio in 2004,” said Bob Olshan, Vice President for Crown West Realty. “The location and configuration