Spokane Journal of Business

Browne’s Addition project goes on the auction block

Bank sets minimum bid for building at $850,000

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A nearly completed multiuse building in Browne’s Addition with an architectural style reminiscent of the French Quarter of New Orleans is scheduled to go to auction this month, says Shane O’Neill, an agent with Spokane real estate brokerage Coldwell Banker Tomlinson South.

Coastal Community Bank, of Everett, Wash., owns the building at 145 S. Cannon and has set a reserve price of $850,000. The building had been listed previously at $1.15 million.

Realty Marketing/Northwest, of Portland, is handling the auction. Sealed bids will be accepted through the end of the business day Nov. 19, O’Neill says. A final open house is set for 1-3 p.m. Nov. 11.

The building, which has a combination of commercial and residential space, was developed by Steven Loveland, who operated a bicycle shop on the ground floor there as he worked on residential space on the second and third floors.

The structure has three-above ground stories and a basement. It has 5,700 square feet of floor space, including 1,200 square feet of retail space on the ground floor.

Construction started in 2009, and the interior of the four-bedroom single-family residential space is about 85 percent complete, O’Neill says.

City records show Rosalia architect Lewis Ficken, of Draftech Planning & Design, designed the building, which features a second-floor balcony and a rooftop deck. It also has an adjacent garage with tandem parking for up to three vehicles.

Retail & Service

Savorx LLC, which does business as Spiceologist, a spice and rub retailer, has leased 2,500 square feet of space in a single-story, multitenant building at 2721 N. Van Marter Road and has moved there from smaller quarters at 905 N. Washington. Brian Anderson of NAI Black, and Jim Bonuccelli, of Village Square Realty Inc., handled the transaction.

H&R Block Enterprise LLC, the Kansas City, Mo.-based tax preparation service chain, has leased 1,700 square feet of office space in the Rosauers Plaza shopping center, at 2913 Southeast Blvd., for a South Hill office. James S. Black III and Chris Bell, both of NAI Black, handled the transaction.

The Parkinson’s Resource Center of Spokane has leased 2,400 square feet of space at 613 S. Washington and plans to move there this month from smaller quarters in the Deaconess Health Education Center, at 910 W. Fifth. Tim Kestell and Jim Quigley, both of Kiemle & Hagood Co., and Levi McCormick, of SDS Realty Inc., handled the transaction.

Red 5 Tattoo, a new Spokane tattoo studio, has leased 700 square feet of space in a single-story, multitenant retail building at 4603 N. Nevada. Kaitlin Caudle, Jim Orcutt, and Drew Ulrick, all of NAI Black, handled the transaction.

Divine Portrait Boutique, a Spokane Valley photography studio specializing in newborn portraiture, has leased 2,400 square feet of space in the Eagle Plaza retail center at 14415 E. Sprague and has moved there from smaller quarters at 1901 S. Clover Drive. Earl Engle, of NAI Black, handled the lease.

Borders Chiropractic PC, a new Coeur d’Alene practice, has leased 1,300 square feet of office space in the Fourth & Best Plaza, at 405 E. Best, and plans to open there in December. Craig Hunter and Rob Kannapien, both of Coldwell Banker Commercial Schneidmiller Realty, handled the transaction.

Industrial & Manufacturing

SATB Development LLC, of Spokane, has bought the 130,000-square-foot former Camp Chevrolet parts warehouse complex at 108 E. Jackson, and plans to move  an affiliate, K-L Mfg. Co., which manufactures active and outerwear apparel, there from smaller quarters at 2726 N. Monroe. Doug Byrd, of Byrd Real Estate Group, and Michael Graham, of Plese Realty LLC, handled the transaction.

Hank & Friday LLC, the real estate holding company for CW Products, a Spokane Valley custom crating and boat-storage concern, has bought two buildings with a total of 25,900 square feet of industrial space at 1205 N. Dyer Road, and plans to move operations there from smaller quarters at 17311 E Dalton. Vic Overholser, of SDS Realty Inc., and Gary Kuster, of Windermere Real Estate/Valley Inc., handled the transaction.

Mike McLean
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Deputy Editor Mike McLean has worked his entire journalism career in the Inland Northwest. Mike, who also lives to reel in fish and crank up music, has worked for the Journal since 2006.

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