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Allpak Container East LLC, a Spokane-based packaging maker that's part of a bigger Seattle-area company, has bought the vacant, former Honeywell Electronic Materials plant in Cheney and the 48 acres of mostly undeveloped land surrounding it, and plans to move there and expand its employment and operations.
Meanwhile, the city of Cheney says it's eager to capitalize on the resurrection of that building, which has sat empty since Honeywell closed its operations there about two years ago.
The city hopes to work with Allpak to make infrastructure improvements to some of that land, which is located on the north side of state Route 904 west of Presley Drive, in an effort to attract additional lightindustrial employers.
Allpak, which currently is located in East Spokane, expects to complete its move into the 115,000-squarefoot building by the end of January, says Wayne Millage, president of Renton-based Allpak Container Inc., the Spokane company's parent.
Millage declines to disclose the dollar value of the property transaction, but describes the building and land acquisition, along with the purchase of equipment that will be installed there, as a "multimillion-dollar investment."
Pete Thompson, of Spokane-based Hawkins Edwards Inc., handled the real estate transaction, and Spokane Valley-based F&M Bank is financing it.
Allpak will occupy all of the space in the building, which is nearly triple the size of its current, leased facility at 3038 E. Trent, Millage says....