Downtown Spokane, Washington
|Project Description:||60,000 square foot, seven-story historic building rehab project containing 20,000 square feet of retail and 40,000 square feet of office space.|
|Challenge:||To rehab the building systems and structure of a 100 year old building into modern office and retail space. To lease and sell the building during a market downturn.|
|Results:||Captured underutilized space and redeveloped and fully leased the building. Then sold the building to investors on schedule. Outperformed the financial return objectives of our investor.|
|Details:||Commencement Date: Jan. 2005.|
Completion Date: May 2009.
Current Status: Sold.
|Total Value:||$8 million.|