Sandpoint Equities LLC, a Los Angeles-based real estate investment concern, has bought the Sandpoint Center Building in downtown Sandpoint, says Ned Brandenberger, the building’s manager and leasing agent, in a press release about the transaction.

Tacoma-based Columbia Banking System Inc. had owned the building since 2014, when it acquired Sandpoint-based Intermountain Community Bancorp., which was headquartered in the building and operated its flagship Panhandle State Bank branch there.

While terms of the transaction weren’t disclosed, it includes a leaseback agreement in which Columbia Bank, the largest tenant in the building, will retain its full-service bank branch and ATM there, says Brandenberger, of Sandpoint Property Management Inc.

Other tenants in the building include My Patriot Supply survival store, and Berg, McLaughlin & Nelson law offices. Tango Café, which is based there, serves breakfast and lunch daily.

Brandenberger says the three-story, 86,100-square-foot edifice, which takes up an entire city block, is the largest commercial building in downtown Sandpoint, with views of the surrounding mountains.

The real estate transaction closed on Aug. 11. Gary Rogers, of Los Angeles-based Charterhouse Group Holdings Ltd., represented the buyer, and Tom Keenan, of Keenan & Associates, represented the seller.