HDJ Design Group's former building sold for $3.6M
Wednesday, December 12, 2012
A downtown Vancouver office building formerly owned by HDJ Design Group has sold for $3.6 million to local real estate investors. The building was sold by West Coast Bank.
Its buyers are Michael Jenkins, a Vancouver real estate broker and developer, and Darryl Horowitz of National Investment Finance. The two investors purchased the site at 300 W. 15th St. as a headquarters for Jenkins' two Vancouver-based companies, Coldwell Banker Commercial Jenkins Associates and MAJ Development Corp., as well as for Horowitz's financial firm.
The HDJ Design Group had spent $4.1 million to expand and upgrade the building in 2007, just before the nation and Clark County slipped into the worst economic recession since the 1930s. HDJ Design Group and Compound Photonics remain tenants of the building at the corner of West 15th and Columbia streets.
Jenkins brokered the deal on behalf of the buyers. The sellers were represented by Charlie Kleier and Tamara Fuller, brokers with the Vancouver office of NAI Norris Beggs & Simpson.