August 12, 2012 in Business

Here’s the Dirt: Screw Products plans local store

 

Screw Products plans local store

Tacoma Screw Products has begun building its first Spokane location and outlet store at 222 S. Howe Road, Spokane Valley.

The company has locations across Washington, Idaho and Oregon. It sells up to 45,000 different types of fasteners, tools and industrial supplies.

Baker Construction is the general contractor on the $2 million building.

The location will be a full-service distribution and sales center, starting with a staff of six. Outside sales representatives will also be hired.

A company spokesman said the goal is to move into the building in September and open to the public in October or early November.

Realtor buys vacant property

Spokane Realtor Jared Miller has purchased a vacant office and storage space at 714 E. Pacific Ave., east of downtown.

Miller said he paid $210,000 to Inland Northwest Bank, which took over the building in a foreclosure.

The 5,700-square- foot building includes about 800 square feet of refrigerated storage area, Miller said.

He intends to lease the property through his company, Properties One. Chris Bell of NAI Black represented Inland Northwest Bank in the deal.

Centennial converts Chancery

Centennial Properties, a subsidiary of Cowles Co., has converted the former Catholic Diocese Chancery Building to office space.

The upgraded office spaces are meant to be executive suites and can be configured according to need.

Cowles Co. acquired the building, the former Catholic Diocese Chancery Building, for $2.05 million in 2006.

Constructed in 1924, the Italian Renaissance Revival building retains much of the detail and craftsmanship associated with early 20th century Spokane office buildings, said Deanne Logan, of Centennial Properties.

The Catholic Diocese leases the building’s third floor. Centennial manages leases for offices on the building’s first and second levels.

The building, now called the 1023 W. Riverside Building, also has a new event room on the first level.

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