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Home » Latest News » Lakeside plans more work at former Triumph site

Lakeside plans more work at former Triumph site

Research still underway to determine best use of property for long term

Lakeside Cos.
Lakeside Cos.
July 20, 2023
Dylan Harris

Spokane-based real estate investment company Lakeside Cos. has planned additional exterior site work at the former Triumph Composite Systems Inc. manufacturing building, in West Spokane.

Plans call for the addition of loading dock doors and two exterior canopies to the exterior of the 364,000-square-foot building. The proposed work has an estimated cost of $695,000, the project application shows.

Lakeside marketing director Maria Lusardi says the exterior of the building, located at 1415 S. Flint, also has been painted recently.

“This is all just improvements for making it more accessible and making the space more flexible,” she says.

When the Journal last reported on the former Triumph building in March, Lakeside had scrapped plans to develop a coworking complex and said it would take its time researching the best long-term use of the facility and the land. Lusardi says Lakeside is still in that research phase, and there currently is no timeline for when that decision will be made.

“We’re trying to find the best use of it that we think will serve the area in the long run, and that’s going to take a little bit,” she says. “We’re not trying to rush that.”

Lakeside currently is leasing some of the building’s space to short-term tenants that are mostly using the facility for storage, Lusardi says.

Lakeside, a John J. Hemmingson company previously named Lakeside Capital Group LLC, purchased the nearly 50-acre site and building in March 2021, according to parcel information on file with the Spokane County Assessor’s office. Lakeside was founded in 1997.

The facility was built in 1990 by Boeing Co., which was then based in Seattle, to make parts for passenger airplanes. Radnor, Pennsylvania-based Triumph bought the land and building in 2013 and also used it to make airplane parts. 

Triumph closed the plant in 2021 citing production-rate reductions caused by the impact of COVID-19 and restrictions placed on the commercial aviation industry during the pandemic.

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