Kevin McCathren, president of Spokane-based McCathren Management & Real Estate Services Inc., has acquired 8.2 acres of land at the site of the former Quad Park softball facility in Post Falls and plans to develop an apartment complex there, according to a real estate transaction notice regarding the purchase.

McCathren couldn’t be reached immediately for comment.

Commercial real estate brokers, Wayne Burton, Craig Hunter, and Rob Kannapien, all of Coeur d’Alene-based Coldwell Banker Commercial Schneidmiller Realty, represented Fasanos Post Falls LLC, of Portland, which is the seller in the transaction. McCathren acted as his own agent in the acquisition.

Terms of the transaction weren’t disclosed. The Kootenai County Assessor’s Office has appraised the 2017 taxable value of the property at $845,600.

McCathren Management provides property-management services for multifamily developments, condominium associations, and commercial properties throughout the Inland Northwest.

The site is located at the southeast corner of 12th Avenue and Cecil Road, in north Post Falls.

The city of Post Falls in late 2015 approved the property for multifamily use following a zone-change request by Fasanos Post Falls.

The land-use designation allows up to 18 units per acre.

Before the zone change, the property was designated for limited commercial use.

Nearby land uses include a mix of residential and commercial developments. 

Quad Park closed in 2005 after it had operated more than 20 years as a four-field ballpark. The property has changed hands at least three times since its original owners sold it that year.

Nonprofit

Tails Foundation Inc., a Post Falls nonprofit that operates a food bank for pets and a thrift store to support it, has leased 10,600 square feet of space at 3513 W. Seltice Way, where it plans to move next month from smaller quarters at 1600 E. Seltice Way. Craig Hunter and Rob Kannapien, both of Coldwell Banker Commercial Schneidmiller Realty, and Deb Perisian, of John L. Scott Real Estate, handled the transaction.

Retail

The Good Feet Store, a Spokane Valley franchise of the Carlsbad, Calif.-based arch-support retail chain, has leased 1,700 square feet of space for a new store in the Market Pointe 1 building at 15108 E. Indiana. Carl Guenzel, of Kiemle & Hagood Co., handled the transaction.

Cricket Wireless LLC, the Atlanta-based telecommunications service provider, has leased 600 square feet of space for a new retail store at 2401 W. Wellesley, in the Shadle Center shopping mall. Drew Ulrick, of NAI Black, and Ben Hawkins, of Hawkins Edwards Inc., handled the transaction.

Perk Coffee, a new coffee vendor, has leased 6,000 square feet of commercial land occupied by the former Bro Latte drive-up coffee stand at 15636 Highway 41, in the Lakeland Square retail center, in Rathdrum. Craig Hunter and Rob Kannapien, both of Coldwell Banker Schneidmiller Commercial Realty, handled the transaction.

Service

Maids of America LLC, a cleaning service formerly based in Coeur d’Alene, has leased 840 square feet of space in the Milltown Center, at 306 N. Spokane, in Post Falls, and has moved there from a home base. Craig Hunter and Rob Kannapien, both of Coldwell Banker Commercial Schneidmiller Realty, handled the transaction.