Sandpoint Equities buys Sandpoint Center
(Photo by MARY MALONE)Sandpoint Equities LLC, managed by Sean Namvar, with the help of Charthouse Group Holdings Ltd., has recently completed the sale and leaseback of Sandpoint Center in downtown Sandpoint from Columbia Bank.
SANDPOINT — Sandpoint Equities LLC, managed by Sean Namvar, with the help of Charthouse Group Holdings Ltd., has recently completed the sale and leaseback of Sandpoint Center in downtown Sandpoint from Columbia Bank.
Constructed in 2006, the three-story, 86,100-square-foot Class A building is the largest commercial building in Sandpoint. Covering an entire city block, the building features expansive mountain views, expansive parking, quality finishes and state-of-the-art technology and mechanical systems.
Columbia Bank, the building’s largest tenant, will continue to operate its branch and ATM at the property.
Ned Brandenberger of local firm Sandpoint Property Management will be handling the building management and leasing services, and driving increased momentum for the project.
“The owners are committed to fostering local relationships and making a positive impact in the community,” said Brandenberger. “The immediate plan for the building is to continue to create a vibrant place to work and do business.”
The acquisition was completed Aug. 11. Gary Rogers of Charterhouse Realty represented the buyer, and Tom Keenan of Keenan & Associates represented the seller in the transaction. For leasing information, please contact Ned Brandenberger or Sandy Sandford of Sandpoint Property Management at 208-263-9233.