Spokane Airport Board and King Beverage Inc. have closed on the sale of 19.977 acres of airport land located at the northwest corner of the intersection of Geiger Boulevard and Flightline Boulevard in the Spokane International Airport Business Park. King Beverage will construct a new distribution center at the site. The purchase price of the property was $1,957,923. The transaction was brokered by Cory Barbieri of the Goodale & Barbieri Company.
Peter Rusnak, president and chief executive officer, King Beverage, stated, “We are excited to announce the purchase of property located adjacent to Geiger and Flightline Boulevards from the Spokane Airport Board. We are a locally owned Anheuser-Busch wholesaler that has served our Spokane community for 41 years. We currently employ over 100 individuals locally and 225 people throughout Washington State. This opportunity allows us to construct a new 200,000-plus-square-foot warehouse to better serve our 2,100 customers, grow our employment, and supplier partnerships. We thank the airport board for supporting our vision and expansion plans. We are thrilled to be a part of the growth in the West Plains, which will in turn lead us to future growth.”
Spokane Airport Board Chair Ezra Eckhardt added, “The airport board is pleased to partner with Peter Rusnak, King Beverage, and Cory Barbieri on this important land acquisition. This sale supports a second generation Spokane business and assists in their further growth and success. The property sold to King Beverage in the Airport Business Park offers a strategic location in a rapidly expanding transportation and logistics center on and around the Airport that is complimentary with King Beverage’s new distribution center.”
Lawrence J. Krauter, CEO, Spokane Airports, commented, “Sale of surplus property to private sector partners is another way in which the airport benefits the regional economy by directly supporting new development and job creation. Additionally, because we are financially self-sufficient, the revenue from land sales is helpful as it will be used to fund operational and capital needs at Spokane International Airport.”
