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Home   •   Archives   •   Spokane Edition   —   June 1, 2010

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Johnston Printing owners sell building

— Guy D. Byrd of Cornerstone Property Advisors and Vic Overholser of SDS Realty just brokered a transaction that will reposition the property at 159 S McClellan. This 11,263 square foot historic warehouse/office space was the home of Johnston Printing for 30 years until it closed in 2011. The Buyer, Steve Schmautz, 121 Development LLC, represented by Vic Overholser, purchased the vacated property for $455,000 from Steve and Patty Johnston, Sellers, represented by Guy Byrd. 121 Development plans to completely redevelop and re-tenant the property, and is said to have pre-leased 50% of the space prior to closing.

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