Rich Development Sells Washington Retail Property

A private investment group from Beverly Hills has purchased a single-tenant, net-lease property in Spokane, Wash., from Rich Development. The sale price for the property was just over $10.2 million.

Located on nearly 8 acres at 7619 N. Division St., the property is newly re-opened and is occupied by the retail chain company At Home. The 86,502-square-foot building was built in 1992 and was formerly a Costco. In 2019, it was remodeled to accommodate the new tenant. At Home has recently proc...