A Kiemle Hagood Success Story

Northtown Office Building
4407 N. Division Street
Spokane, WA

65,000 SF Multi-Story Office Building Located in North Spokane.
 

CHALLENGE

  • Aging infrastructure with inefficient building systems.
  • Dated exterior and interior finishes.
  • Vacant retail banking space with drive up facility.

STRATEGY 

  • Develop long term capital improvement plan.
  • Design major mechanical system overhaul.
  • Updated exterior and interior finishes
  • Find replacement tenant for bank space.

RESULTS

  • New energy efficient tower windows, modern retail facade upgrade, remodeled common areas and new ADA lobby restrooms.
  • State-of-the-art mechanical system with energy management system.
  • Signed prominent bank to long term lease.
  • Increased building value by $2 million based on an 8% cap rate. 

THANKS TO

  • Lou Neeser, Senior Property Manager
  • Larry Soehren, President & CEO
  • K&H Facility Services