Garco Development Services, of Spokane, is developing a speculative, 36,000-square-foot industrial building at Liberty Lake for a California investor.


The two-story, concrete-walled structure is being erected at the far east end of Metropolitan Mortgage & Security Co.s 99-acre Liberty Lake Center, which is located just south of Interstate 90 and east of the Liberty Lake interchange.


Garco Development says that an affiliate company, Spokane-based Garco Construction, is the general contractor on the $1.6 million project. Garco Construction began work on the building late last year and is expected to complete it by around mid-May.


The new building will sit just north of a 55,000-square-foot, medical-supply distribution building occupied by McGaw Park, Ill.-based Allegiance Corp., which acquired Bergen Brunswig Medical Corp. last August.


Tom DeMund, of Sausalito, Calif., will own the building. DeMund says he acquired the land for the new building as part of his purchase of the adjacent Bergen Brunswig building last fall. He bought that property from Welsh-Etter Investment Co., which is headed by Garco Construction principals Tim Welsh and Frank Etter, for an undisclosed amount. He says he leases the medical-supply distribution building to Allegiance.


Designed to match the Allegiance building aesthetically, the new speculative building will be a tall, single-story structure, but will be set up to allow for the addition of a mezzanine level later if desired, DeMund says. Also, the building is designed so that it can be divided in half easily to accommodate two tenants, and will have four loading docks at each end, with the potential for adding ramps as well, he says.


The building should be able to accommodate a range of uses, from manufacturing to warehouse and distribution activities, and will have enough parkingaround 73 spaces, with the potential to add another 20 or soto accommodate a high-tech type of user, DeMund says.


Mark and Tracy Lucas, of Spokanes Kiemle & Hagood Co., are the listing agents for the building.


Although DeMund lives in California, he says hes familiar with and fond of Spokane. He has owned the Color Tile building on North Division for 25 years, he says, and has a daughter who attended Whitworth College and now lives here.