In brief: Kroetch Investment buys building

Kroetch buys building

Kroetch Investment Holdings, owner of Reliant RX and Reliant LifeWorks in Spokane, has purchased the former Signature Genomics Laboratories building, an 18,400-square-foot facility at 2820 N. Astor St.

Kroetch paid $2 million for the property. The Reliant companies will move from the Innovate Spokane Technology Building on the Riverpoint campus to allow expansion of LifeWorks services and a wellness clinic, CEO Tammy Kroetch said.

LifeWorks provides hormone balancing treatments, travel vaccinations, immunizations, and weight loss programs. Reliant RX offers pharmacy services for more than 230 Inland Northwest long-term care facilities. The Reliant companies employ 70 people.

Jeff Ottmar and Guy Byrd of Cornerstone Property Advisors represented PerkinElmer, and Mark Lucas of Kiemle & Hagood represented Kroetch Investment.

O’Reilly buys two properties

O’Reilly Auto Enterprises has purchased two commercial properties in Spokane Valley, at 11321 E. Sprague Ave. and 11421 E. Sprague. O’Reilly Auto Parts, a national retailer, has 10 stores in the Spokane area, its website says.

Terms of the sale were not disclosed.

Carl Guenzel with Kiemle & Hagood represented O’Reilly Auto. Erik Nelson with Kiemle & Hagood represented 11321 E. Sprague Ave. LLC, and Bill Brooks with Selkirk represented Robert V. Baker Foundation.

Two tenants join Pines center

Pines Square retail center in Spokane Valley will have two tenants. A Jimmy John’s restaurant will take 1,500 square feet at 1521 N. Pines Road formerly occupied by Quiznos. An American Family Insurance agency at 106 N. Evergreen Road has leased 1,200 square feet at 1507 N. Pines.

Colin Conway with Kiemle & Hagood represented landlord Romax Associates, as well as the insurance tenant. Levi McCormick, SDS Realty, represented Aben Pines LLC, doing business as Jimmy John’s.