{"id":1004383190,"date":"2020-01-16T12:49:32","date_gmt":"2020-01-16T20:49:32","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004383190"},"modified":"2020-01-20T07:13:23","modified_gmt":"2020-01-20T15:13:23","slug":"rich-development-sells-washington-retail-property","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/rich-development-sells-washington-retail-property\/","title":{"rendered":"Rich Development Sells Washington Retail Property"},"content":{"rendered":"<div id=\"attachment_1004383994\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/01\/7619-N.-Division-St.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004383994\" data-attachment-id=\"1004383994\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/hilton-launches-new-lifestyle-brand\/7619-n-division-st\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/01\/7619-N.-Division-St.jpg\" data-orig-size=\"850,602\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;Adriana Pop&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1579539993&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"7619 N. Division St\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;7619 N. Division St. Image courtesy of Hanley Investment Group&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/01\/7619-N.-Division-St.jpg?w=850\" class=\"wp-image-1004383994 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/01\/7619-N.-Division-St.jpg\" alt=\"\" width=\"300\" height=\"212\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/01\/7619-N.-Division-St.jpg 850w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/01\/7619-N.-Division-St.jpg?resize=300,212 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/01\/7619-N.-Division-St.jpg?resize=768,544 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004383994\" class=\"wp-caption-text\">7619 N. Division St. <em>Image courtesy of Hanley Investment Group<\/em><\/p><\/div>\n<p>A private investment group from Beverly Hills has purchased a single-tenant, net-lease property in Spokane, Wash., from Rich Development. The sale price for the property was just over $10.2 million.<\/p>\n<p>Located on nearly 8 acres at 7619 N. Division St., the property is newly re-opened and is occupied by the retail chain company At Home. The 86,502-square-foot building was built in 1992 and was formerly a Costco. In 2019, it was remodeled to accommodate the new tenant. At Home has recently procured a new, long-term lease for the asset.<\/p>\n<p>Hanley Investment Group\u2019s Executive Vice Presidents Bill Asher and Jeff Lefko, along with President Ed Hanley, represented the seller. The investment group was able to procure a buyer that owns several At Home locations as well as other real estate in the Spokane area.<\/p>\n<p>The same team also recently&nbsp;brokered a <a href=\"https:\/\/www.commercialsearch.com\/news\/hanley-investment-arranges-record-sale-in-inland-empire\/\">record sale in the Inland Empire<\/a> for&nbsp;a two-building retail asset.&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Hanley Investment Group arranged the transaction of the single-tenant, net-lease building in Spokane, Wash. <\/p>\n","protected":false},"author":1012,"featured_media":1004383994,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21783,21742,21749,15],"tags":[33902],"class_list":["post-1004383190","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-investment","category-latest","category-retail","category-west","tag-hanley-investment-group"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Rich Development Sells Washington Retail Property - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/rich-development-sells-washington-retail-property\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Rich Development Sells Washington Retail Property\" \/>\n<meta property=\"og:description\" content=\"Hanley Investment Group arranged the transaction of the single-tenant, net-lease building in Spokane, Wash.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/rich-development-sells-washington-retail-property\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2020-01-16T20:49:32+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-01-20T15:13:23+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/01\/7619-N.-Division-St.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"850\" \/>\n\t<meta property=\"og:image:height\" content=\"602\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Christopher Lepore\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/rich-development-sells-washington-retail-property\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/rich-development-sells-washington-retail-property\/\",\"name\":\"Rich Development Sells Washington Retail Property - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/rich-development-sells-washington-retail-property\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/rich-development-sells-washington-retail-property\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/01\/7619-N.-Division-St.jpg\",\"datePublished\":\"2020-01-16T20:49:32+00:00\",\"dateModified\":\"2020-01-20T15:13:23+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/430f8a8279c18b97f147bbe4e6f9bd28\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/rich-development-sells-washington-retail-property\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/rich-development-sells-washington-retail-property\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/rich-development-sells-washington-retail-property\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/01\/7619-N.-Division-St.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/01\/7619-N.-Division-St.jpg\",\"width\":850,\"height\":602,\"caption\":\"7619 N. 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