Center Investments, Inc. was engaged by Weinstein Beverage to find a new distribution facility location in Wenatchee.Over the span of 4 years Center Investments helped Weinstein Beverage to identify and analyze location options, help in rezoning the targeted property and ultimately marketed and sold their residual, surplus properties.
Center Investments recently represented three different Landlords for two separate locations ground leased to Jack in the Box corporate. The first was at 5th and Chelan in Wenatchee and the second ground lease is completed but is yet to be constructed.
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East Wenatchee Jack in the Box
Center Investments, Inc. handled all the acquisition, leasing and development for the new Jack in the Box in East Wenatchee. We first controlled the property, a former Maid O Clover, and then put together an ownership group including members of Eastpoint Plaza, the shopping center which surround the pad. We guided that group through numerous false starts with Starbucks, banks and other users, handled tank closure, aquired additional property, negotiated recipricol easements, handled the lease with Jack in the Box and bought out a tenant. The culmination of this three year project resulted in the recent opening of Jack in the Box.
Center Investments represented Ag Supply in negotiating a new lease of the current Ace Hardware store in East Wenatchee on Grant Road. CII is also representing Ag Supply in the sale of their former Quincy Ace Hardware store.
Center Investments, Inc. enjoyed six years of involvement with one of Wenatchee’s premier office buildings. In 2004 a group of investor partners including CII purchased the building & began the renovation project adding significant value to the asset. CII handled acquisition, property and partnership management, leasing and selling of the building twice in the process, concluding in 2009.
Center Investments, Inc. (CII) was engaged by Sun Basin Theaters for comprehensive real estate services in Wenatchee involving 3 large commercial properties. CII assisted in the purchase of the 106,000 square foot former K-Mart building in Olds Station for Sun Basin’s conversion of the building into its’ Gateway Cinema project - a multi-screen, state of the art, stadium seated theater. Instrumental in funding their cinema project CII was retained to sell their existing properties, the Vue Dale Drive In and the Columbia Cinema. CII recruited Walgreens to the Columbia Cinema site which was ultimately sold to a Walgreens developer.
Complex timing needs for all parties was resolved with a year long sale-leaseback of the property allowing the Walgreens developer to obtain permits and fit their project into Walgreens store opening pipeline and allowed Sun Basin to operate the Columbia Cinema until construction of their Gateway Cinema project was completed. The final task CII will undertake for the project is to lease the remaining portion of the former K-Mart building some 45,220 square feet currently being marketed to national major retail tenants..