Affiliate of tenant acquires Broadway industrial park
Fast Way had leased its space there for 20 yearsNovember 20th, 2014
Havana Properties LLC, a recently formed affiliate of Spokane-based Fast Way Freight Systems Inc., has bought the Broadway Terminal industrial park where Fast Way has been leasing space for more than two decades, says Mark Willard, Fast Way chief financial officer.
Willard declines to disclose terms of the transaction, which was negotiated by Mark Lucas, of Spokane-based commercial real estate brokerage and property management company Kiemle & Hagood Co.
Fast Way occupies 7,500 square feet of space in Broadway Terminal, at 4101 E. Broadway.
Broadway Terminal includes three buildings with a total of 57,200 square feet of space on 8 acres of land zoned for heavy industrial use.
Jeff Bosma, a principal in both Havana Properties and Fast Way, is the property manager.
The property had been owned by Paul and Willene Allison, of Spokane, and managed by Doug Dittamore, of Kiemle & Hagood.
Willard says the transition to landlord should go smoothly. “We’re not foreign to them,” he says of other Broadway Terminal tenants.
In addition to Fast Way, tenants include Freight Way Inc., R.C. Worst & Co., Power Machine Services Inc., and Circle M Construction & Landscape Supplies Inc.
The industrial park has 3,000 square feet of vacant space, Willard says, adding that a prospective tenant he declines to identify is considering leasing half of the vacant space.
Restaurant & Service
Sullivan Scoreboard LLC has leased a 1,900-square-foot building at the former Painted Hills Golf Course, at 4403 S. Dishman-Mica Road, and plans to open The Clubhouse at Painted Hills bar and restaurant there. Kaitlin Caudle and Bryan Walker, both of NAI Black, handled the transaction. Sullivan Scoreboard LLC also operates the Sullivan Scoreboard sports bar at 205 N. Sullivan Road.
Salon Studios Northwest Inc., a Clarkston, Wash.-based beauty salon, has leased 4,100 square feet of retail space, at 2052 N. Main in the Riverstone development, in Coeur d’Alene. Jon Jeffreys and Jeff McGougan, both of NAI Black, handled the transaction.
Tree House Club LLC, a new Spokane Valley marijuana retailer, has leased 1,400 square feet of space at 14421 E. Trent. Kaitlin Caudle, and Aaron Reugh, both of NAI Black, handled the transaction.
765Tech Inc., a Coeur d’Alene computer sales and support shop, has leased 1,900 square feet of space in a multitenant retail building at 2946 N. Government Way and plans to move there next month from smaller quarters at 50 E. Neider. Rob Kannapien, of Coldwell Banker Commercial Schneidmiller Realty, and Jim Koon, of NAI Black, handled the transaction.
Cinder, a new Spokane Valley marijuana retailer, has leased 1,800 square feet of space at 1421 N. Mullan. Drew Ulrick, of NAI Black, handled the transaction.
Joseph Tansy, of Spokane, doing business as Undercliff LLC, has bought as an investment the Undercliff Mansion, at 703 W. Seventh. Drew Ulrick and Grant Person, both of NAI Black, and Alicia Barbieri and Ryan Orberg, both of Goodale & Barbieri Co., handled the transaction.