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October 16, 2008

Kauri nearly doubles money with Lake City investment

By LYNN PORTER
Journal Real Estate Editor

Kauri Investments yesterday sold a Lake City property for nearly twice what it paid for it a year ago. The buyer plans a Mini Cooper dealership there.

Scharmach Northwest LLC paid $6 million for site, which Seattle-based Kauri bought in October 2007 for $3.1 million. The site includes a 31,100-square-foot building and 43,000 square feet of parking area that includes rooftop parking.


 
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