When the Albertsons on the corner of Northwest Blvd and Ash in North Spokane went vacant many residents expressed concern. Soon after the property became a haven for transients and received multiple complaints about drug use, lewd behavior and other illegal activity.
NAI Black brokers are not just in the business of leasing and selling commercial property. They are residents and concerned citizens who work their best to bring positive change to abandoned or deteriorating buildings.
Managing Broker Chris Bell, SIOR, recently worked with the owners of the abandoned Albertsons building to bring about positive change to the community. Working with such a large retail space and parcel of property can have its challenges. Not many businesses need the space that a grocer would need. Opportunity arose when multiple tenant negotiations began and there was demand for various portions of the property. In all Bell was able to bring four tenants onto the property. This multi-tenant approach means more appeal to residents and increased long term security for the area. Gone are the transients, drug use and complaints as progress continues in the area.
The main building formerly occupied by Albertsons has been subdivided for use by Planet Fitness and Goodwill. A portion of the parking lot pad has been leased to Carl’s Junior fast food chain. Finally, the former gas station / convenience station will become a Wake Up Call Coffee, the local businesses eighth location.
Great work, Chris!