January 19, 2014 in Business

The Dirt

 
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Fabric retailer relocates in Valley

Hancock Fabrics, a national fabric retailer, has moved to a new Spokane Valley location, at 15735 E. Broadway Ave., near the Spokane Valley WalMart. The company closed its previous Valley store, at 15530 E. Sprague Ave.

Hancock Fabrics, headquartered in Baldwyn, Miss., said in a press release that the new store will focus solely on fabrics, eliminating craft items, home décor and furnishings.

The broader selection of retail items will still be sold at two other Hancock Fabrics stores in the area, at 1020 W. Francis Ave., and in the Hayden Shopping Center in North Idaho.

Spokane Discount adds storage space

Spokane Discount has purchased a storage facility at 4001 E. Broadway Ave., Spokane Valley. The company currently has two retail stores, on North Division Street and on Dishman-Mica Road in the Spokane Valley.

It paid $835,000, according to Spokane County assessor records.

The storage building has 35,000 square feet. Owner Steve Waco said the building will also be open Friday and Saturday from 9 a.m. to 4 p.m. for clearance sales.

 Guy D. Byrd, of Cornerstone Property Advisors, was the broker representing Spokane Discount. James Black of NAI Black represented H & H Storage, the seller of the building.

Architecture firm finds new office

AmericanWest Bank has sold a former north Spokane branch building, at 1908 W. Northwest Blvd., to 1908 NWB, LLC, which will use it as the new home for SPVV Landscape Architects.

New owners Thomas Sherry and Ken Van Voorhis paid $390,000 for the building. SPVV will take 2,200 square feet, while the remaining half of the building will be leased later this year.

Sherry and Van Voorhis are also owners of SPVV.

Colin Conway, with Kiemle & Hagood Co., and Jeff Ottmar of Cornerstone Property Advisors brokered the deal.


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