Construction is underway for the Montgomery Logistics Center, a multi-phase industrial development in Spokane Valley.
Seattle-based Leavitt Capital Companies is constructing the development, at 11002 E. Montgomery Drive, that will contain three buildings totaling more than 139,000 square feet.
The first building, which is currently under construction, spans more than 64,000 square feet. Leavitt Capital Companies recently received a building permit from the city to construct an additional 34,000-square-foot building. A third structure consisting of 39,000 square feet is also planned for the nine acre lot.
The total valuation for the two buildings is more than $6 million, according to building permits filed with the city.
Leavitt Capital Companies did not respond to requests for comment on the project, although a company flyer advertised built-to-suit offices for lease in the development.
The development will be adjacent to Leavitt Capital’s 50-acre Central Business Park, which is home to Pepsi Co., AFCO Distribution, Cascade Seed and Wolff Corporate Housing.
The project contractor is Spokane Valley-based Divcon, Inc.
Leavitt Capital Companies was founded by Seattle entrepreneur Tom Leavitt in 1979. The firm has a joint venture with The Wolff Company of Scottsdale, Arizona, and oversees commercial as well as retail portions of Wolff apartment communities nationwide.
Wolff Company Chairman Fritz Wolff is also a co-founder of Katerra, which is building a 250,000-square-foot cross-laminated timber factory in Spokane Valley’s northeast industrial area near Barker Road.
Subscribe to the Coronavirus newsletter
Get the day’s latest Coronavirus news delivered to your inbox by subscribing to our newsletter.