Pink LLC recently purchased the office space at 806 W. Third Ave. in Spokane. The company plans to convert the building into a retail store for OneGoodThread.com.
Owners Trevor and Chi Walters say they hope to open the One Good Thread retail store in spring 2014.
They paid $330,000 for the 5,380-square-foot building.
Guy D. Byrd of Cornerstone Property Advisors represented Pink LLC. Mark McLees of NAI Black represented the former landlord, Greenboatstuff Properties LLC.
Wheel Sport adds new store
Wheel Sport has added a fourth location, a second South Hill cycle shop at 3000 S. Grand Blvd.
The company has stores on North Division, in Spokane Valley and at 29th and Regal, near Lincoln Heights.
Company principal Terry Solinsky said the move is partly based on concerns the Lincoln Heights store may need to move if property owner Harlan Douglass renovates Wheel Sport’s building and leases to a larger tenant.
The other two stores will not change.The South Grand store, with 7,700 square feet, is expected to open in March, Solinsky said.
The lease was brokered by Colin Conway and Ron Horton, both with Kiemle & Hagood Co.
Wemco starts work on facility
Wemco Inc., a West Plains equipment manufacturer, has started building a new production site on 10 acres near Airway Heights. The project, at 5510 W. Thorpe Road, includes a 68,000-square-foot manufacturing facility and three support buildings.
A company spokesman said the new facility will support manufacturing on mining equipment production and other large-scale work.
The construction is estimated to cost around $6 million.
The company has production facilities at 2823 S. Craig Road.
Spokane’s Garco Construction is the contractor. Spokane Valley-based Architectural Ventures designed the project.