The 5 Mile Shopping Center, a major retail destination in North Spokane, recently changed hands in a transaction valued at $32 million.
This variety in building types allows for a diverse lease structure, ranging from small-footprint financial services like Edward Jones to massive grocery operations.
Geographic Advantages of the West Francis Avenue Commercial Corridor The 5 Mile Shopping Center occupies a critical juncture in the Spokane city infrastructure.
Local owners typically have a better grasp of the seasonal traffic patterns and regional economic shifts that might be overlooked by a national firm using a standardized model.
Maintenance of the "daily-needs" traffic mentioned by Casey Brazil is essential for the neighborhood's economic health.
Local developer Romax 5 Mile LLC acquires the 163,000-square-foot 14-acre retail center anchored by Rosauers for a record $32 million.