San Francisco-based Newmark Realty Capital Inc. has arranged $10.2 million in permanent financing for Lincoln Heights Shopping Center.

Demetri Koston and Skip Slavin, vice presidents of Newmark, respectively based in Spokane and Seattle, arranged the loan through a life insurance company acting as a partner lender.

The loan, which will be serviced by Newmark, includes a 20-year fixed rate and flexible prepayment structure, Koston says.

“It’s a refinance with permanent financing, much more attractive to the borrower,” he says.

Lincoln Heights Center LLC, which is led by prominent Spokane developer Dick Vandervert, bought most of the South Hill shopping center in 2009 and 2010.

The Inland Northwest’s first Trader Joe’s grocery store opened there in a newly constructed building in 2011, and much of the rest of the center has been remodeled in phases to create unified storefronts with cultivated stone and stucco-like insulated finishing.

In all, Lincoln Heights Center LLC owns 12 parcels of land occupied by more than 160,000 square feet of retail space, Spokane County Assessor’s records show.

Other tenants in the fully leased center include Jo-Anne Fabrics, Rite Aid, and Petco.

Newmark services 1,100 loans with a total value exceeding $9 billion, Koston says.

Office & Retail

Providence Health & Services, the Renton-based parent organization of the Spokane-based Providence Health Care network, has leased 2,900 square feet of space in the Lincoln Heights Shopping Center, at 2923 E. 29th, where it plans to open an Express Care walk-in health clinic. Colin Conway and Chad Carper, both of Kiemle & Hagood Co., and Chris Bornhoft, of Windermere/Manito LLC, negotiated the lease.

J & J Sports LLC, of Spokane, which does business as Play It Again Sports, a sporting goods consignment reseller, has leased 4,500 square feet of retail space formerly occupied by a Mark’s Hallmark Shop in the Five Mile Shopping Center, at 1808 W. Francis, where it plans to open in September. Colin Conway and Chad Carper, both of Kiemle & Hagood Co., and Bill Duffy, of Goodale & Barbieri Co., handled the transaction.

Custom Den LLC, a Coeur d’Alene trophy and engraving shop, has leased 2,000 square feet of retail space in a multitenant building at 2035 Beebe Blvd., in the Riverstone development, where Custom Den plans to move from smaller quarters within the Everson’s Jewelry shop, at 310 E. Sherman. Casey Brazil, Pat Eberlin, and Chris Schreiber, all of Kiemle & Hagood Co., handled the transaction.

ATG Properties LLC, the real estate holding company for All Travel Guru, a boutique travel agency currently based in Hayden, has bought a single-story, 3,100-square-foot office building in the River City Business Campus, at 1210 N. Idaho, in Post Falls, where it plans to move in July. Craig Hunter and Rob Kannapien, both of Coldwell Banker Commercial Schneidmiller Realty, and Don Murrell, of Century 21 Beutler & Associates, handled the transaction.

Telecell Spokane Inc., a Federal Way-based franchisee of Richardson, Texas-based, MetroPCS Communications Inc. prepaid wireless service, has leased 1,500 square feet of space for a retail outlet in the Pines Square shopping center at 1519 N. Pines Road. Colin Conway, of Kiemle & Hagood Co., handled the transaction.

HMA CPA PS, a Spokane accounting firm, has leased 4,500 square feet of office space on the fourth floor of the Cutter Tower, at 510 W. Riverside, where HMA plans to move in the fall from smaller quarters at 1516 W. Riverside. Craig Soehren, of Kiemle & Hagood Co, handled the lease.

Investment & Development 

American Eagle Properties LLC, of Rathdrum, has bought 33,500 square feet of vacant land next to Rockwood Self Storage, which is at 14365 Rockwood Court, in Rathdrum, where the buyer plans to develop an automotive-repair facility. Craig Hunter and Rob Kannapien, both of Coldwell Banker Commercial Schneidmiller Realty, and Patsy Barten, of Keller Williams Realty Coeur d’Alene, handled the transaction.

C2 Investments, of Spokane, has bought the 11-unit Cliff Drive Apartments complex, at 208 and 230 W. Cliff Drive and 203 W. Ninth. Mitch Swenson and Dallas Lightner, both of NAI Black, handled the transaction.

Hurst & Son LLC, a Moxee, Wash.-based owner of mobile home parks, has bought the 5-acre Fairchild Mobile Home Park, at 15610 state Route 2, in Medical Lake. James S. Black III, of NAI Black, handled the transaction.