News

Western Expands to Residential Real Estate Services

August 21, 2014  –  In addition to commercial transactions, Western Enterprises is now expanding its arm of real estate to residential sales.

Western has long prided itself upon being a one stop shop for property owners from developing raw land to repairing existing structures and remodeling homes to reflect your current lifestyle. We have built a reputation for quality in construction, maintenance and as a real estate brokerage since 1972.  This experience is what led us to grow outside of our commercial niche and incorporate the residential arena.

Taking the lead in this department is Aimee Moats, real estate licensee with Western Enterprises.  Having sold several homes this summer, she is aware of the strong local market.  According to the Freeman-Reed Index published July 7, 2014, the average residential sales price has increased by 3.51% over last year and 10.21% since 2008.  The average days on the market, or time between the listing of a property and when it is taken off, is 50 days.  This is a significant improvement from the recorded high of 72 days average on the market in 2008.   

Now is also a great time to buy while interest rates are still low.  So, if you are thinking about buying or selling, don’t wait!  Call us today for a free consultation.  We look forward to working with you. 

Western Enterprises’ Wasilla Development Makes Headlines

 

Developer invests in prime Wasilla location

Posted: Sunday, January 26, 2014 12:00 am

Article and photo courtesy of Mat-Su Valley Frontiersman.

 

WASILLA — Now a small collection of retail shops and office space, City Center Wasilla has big plans for expansion, thanks in part to a more than $1.1 million loan channeled through the Alaska Industrial Development and Export Authority.

 

The loan will finance a 10,368-squre-foot addition to the center’s exiting complex of six buildings on the east side of Knik-Goose Bay Road just south of the Palmer-Wasilla Highway interchange.

 

“This is just a stone’s throw from the Parks Highway and in a prime location,” said Andy Faiks, part owner of Western Enterprises, which is developing the land. Faiks also manages Western’s Valley operation, which is based out of City Center Wasilla.

City Center already has six buildings comprising more than 60,000 square feet of space that housers more than 30 tenants, Faiks said. Those include Batteries Plus and longtime local retailer All-I-Saw Cookware, which recently relocated from the Meta Rose Square building to City Center.

 

As the city and state move forward on the Wasilla Couplet project, City Center is in a prime location to grow with the area, Faiks said. The project will create a one-way couplet to move traffic through downtown Wasilla, with Main Street being one-way south and Yenlo Street one-way north. The couplet’s southern terminus will be just north of City Center.

 

“With the Wasilla Couplet that’s in the design phase right now, that’s going to create a stoplight right here,” Faiks said. “Our driveway will actually be a through street for the couplet, and it’s going to be great for us.”

 

The loan to add another building to the site — an expansion Faiks said will actually include two new buildings — was brought to AIDEA by First National Bank Alaska. AIDEA provides funding “to promote, develop and advance the general prosperity and economic welfare of the people of Alaska,” the organization says in a statement announcing the loan.

 

For Western Enterprises and the Valley that means continued expansion in creating retail and other multi-purpose business spaces, Faiks said. In addition to the six buildings at the City Center site, Western also has six other buildings in the Valley, including a pair of buildings across from Wal-Mart and three at the West Side Center in Wasilla. Overall, Western owns about $21 million worth of property in the Mat-Su.

 

Construction at the Knik-Goose Bay Road property began in 2006 with two buildings, Faiks said. Two more followed in 2008, and another two each in 2012 and 2013. At build-out, City Center is expected to be home to 10 buildings providing about 100,000 square feet of space.

 

“We’ve been kind of averaging a building a year,” he said. “We don’t want to over-build ourselves, and we want to stay consistent with the market and the demand.”

 

Along with the couplet and growth, other projects like the Knik-Goose Bay Road expansion, Point MacKenzie rail extension and potential for a Knik Arm bridge, the business climate for areas south of Wasilla is looking good for the future, Faiks said.

 

“We feel it’s pretty strong. It’s something we’re pretty confident in with the way things are trending out here in Wasilla, especially down Knik-Goose Bay Road. … I think Mayor (Verne) Rupright called this area the ‘Golden Triangle.’ I really see this area as exploding.”

 

Although the colloquial term for the types of buildings at City Center is strip mall, Faiks said his company goes to great lengths not to make their developments look like the stereotypical strip mall.

 

“With our concept here, we wanted to make the buildings look attractive and modern,” he said. “Each building has a little different look to break up that cookie-cutter mentality.”

 

Contact Greg Johnson at 352-2269 or greg.johnson@frontiersman.com.

Commercial Retail Building in Wasilla Now Completed

 

July 12, 2013 – We are pleased to announce that building 701 at the City Center Wasilla complex has now been completed and is filling up quickly.  There are already 5 companies who have relocated to the new retail and office building, including the well known local business All I Saw Cookware.  There are three contiguous suites still available that are sure to rent quickly.

 

The construction of this building, located on the prime corner lot, has visually finished tying the complex together.  New landscaping, curbs, grass, and planters at the entrance provide a warm welcome to patrons of our numerous tenants.

 

This is the sixth building to be completed in the complex and we have already started designing one of the two remaining lots for development.  Once the Wasilla Couplet is completed, the lots in the back of the complex will have instant frontage to a new, highly traveled road.  More information on this project can be seen at www.WasillaMainStreetProject.com.

 

Brand New Commercial Building in Wasilla Nearing Completion

October 31, 2012 – Building 701, located in the growing City Center Wasilla complex, is nearing completion.  Western Enterprises, Inc. began constructing the 10,368 sq. ft. retail building in May of 2012.

The new building has the capacity for up to eight different businesses or can be combined for one large company.  The units vary in size and can be modified to best accommodate each tenant’s needs, with the ability to expand the square footage as the business grows.  Pre-leasing has already begun on the available units which feature excellent frontage on Knik-Goose Bay Road and the entrance to the complex. 

 

This building comes on the heels of the Valley Native Primary Care Center opening.  Located just a 1/4 mile from the complex, the VNPA is projected to employ around 250 personnel.

Chad Powelson, President of Western Enterprises, Inc., says City Center Wasilla is designed to help facilitate growth in this central area of the city.

 

Powelson says these new units will provide additional locations for medical related companies to house their outpatient services close by the hospital for client convenience, as well as provide places for the personnel to shop near their work.

 

Newcomers to the development will join the complex’s variety of tenants, from battery and cell phone accessories, to plumbing and heating, investment banking, tanning and hair salons, clothing retail, as well as various children’s services from day care to K-12 education and food services.

Building 701 is the 6th to be constructed on the twelve and a half acre parcel with two more buildings slated to go in over the next couple years.  Other buildings on the complex include office, warehouse and combination use.

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