Request for Proposal
Avista Development, Inc. is offering for sale/joint venture a 66,000 square foot development site located at 501/521 E. Sprague in Spokane (Property). This site is part of Avista's South University District campus. This site is part of Avista's South University District campus. Avista invites proposals from users/developers to:
1. SALE: Purchase the property on a fee simple basis for development consistent with the goals of Avista's South University District vision.
2. JOINT VENTURE: Avista would like to have the option to contribute a portion or all ofthe land value of the Property as an equity contribution into a devlopment of the Property. A sample Joint Venture Terms Sheet is attached. The Purchaser should incdicate whether it's willing to accept a Joint Venture option.