A Los Angeles-based development group, Shebourne 26 LLC, says it is buying 110 acres of land next to Airway Heights and plans to develop it for commercial use.


The property is located on the west side of Airway Heights, south of U.S. 2, and has frontage along the highway. Its just across the highway from the Spokane Tribe of Indians Spoko Fuel store and south of a planned armed forces reserve center at the edge of Fairchild Air Force Base.


Avraham Khordian, one of the owners of Shebourne, says the sale is expected to close this week, and the company intends to ask the city of Airway Heights to annex the property as soon as the transaction is completed.


Khordian says Shebourne 26 was attracted to the property by growth in Airway Heights and by the possible development of other property the Spokane Tribe of Indians owns across the highway from the land Shebourne is buying.


We feel really excited and want to get on this project as soon as possible, Khordian says. His partners in the venture are Asa Arava, who Khordian says also owns property in Texas, and Anita Kohavi. They all live in the Los Angeles area.


Khordian declines to disclose the purchase price of the parcels, which are being purchased from a number of landowners there. He says the group is negotiating with possible tenants both locally and from outside the area, but declines to name any specific tenants or say what type of commercial development ultimately will be built there.


Einar Gundersen, principal at American Engineering Corp., of Seattle, which is acting as the buyers representative here, says his company will prepare a master plan for the site. He says the buyers will seek to have the property rezoned from agricultural to commercial and light industrial.


Khordian says Shebourne 26 has both commercial and residential real estate holdings in the Redmond, Wash., area, including property on which the group is developing a mixed-use project with a 6,000-square-foot office building and eight condominium units. It also owns real estate in California; the Airway Heights property will be its first acquisition in the Spokane area, he says.