Component Tinning Services Inc., a recent independent spinoff of Spokane Valley-based ACE Production Technologies Inc., has moved to new quarters in the Spokane Business & Industrial Park.

CTS now occupies 1,300 square feet of space at 3020 N. Sullivan, says Roger Cox, company president.

The new space is twice as large as the quarters CTS had occupied within the ACE facility elsewhere in the industrial park, Cox says.

CTS, which has four employees, provides precision soldering services for electronic component manufacturers, he says.

ACE, which has more than 40 employees, designs and manufactures selective soldering systems for use by other electronics manufacturers.

“ACE builds the soldering machines, and CTS provides the soldering service,” Cox says.

Westlake, Ohio-based Nordson Corp. acquired ACE earlier this year. Nordson designs and manufactures precision dispensing, curing, and testing equipment for manufacturer applications of adhesives, coatings, and sealants.

Cox says CTS has separated from Nordson because the manufacturing conglomerate is focused on expanding its equipment-making capabilities rather than providing a niche service such as that offered at CTS.

Chase Breckner, of Spokane Valley-based Crown West Realty LLC, which owns Spokane Business & Industrial Park, negotiated the CTS lease.

Office & Studio

Guild Mortgage Co., a San Diego-based home-loan lender, has leased 2,600 square feet of office space in the Rock Pointe Corporate Center’s Rock Pointe Tower, at 316 W. Boone, and has moved its Spokane-area office there from 12209 E. Mission. Erik Nelson and Craig Soehren, of Kiemle & Hagood Co., and Charlie Wolff, of SDS Realty Inc., handled the transaction.

The Bricks Conditioning Lab LLC, a new gym and workout facility, has leased 2,200 square feet of space at 1902 E. Mission. Don Jamieson, of NAI Black, handled the transaction.

Investment & Development

Four Investors LLC, of Spokane, has bought for redevelopment the 6,400-square-foot former The Central Stop furniture store building at 6511 E. Sprague. Jim Orcutt, of NAI Black, handled the transaction.

Spokane Cedar Estates LLC, a San Francisco-based real estate investor, has bought for $12.5 million the 104-unit Cedar Hollow apartments, at 5805 S. Regal, and the 58-unit Cedar Willow apartments, at 2820 E. 53rd. Rob Marton, Greg Frick, Cody Hagerman, and Tyler Johnson, all of HFO Investment Real Estate, handled the transaction.

Calico Spokane LLC, of California, has bought for future development a 33,800-square-foot parcel of vacant land at 1902 E. Houston. Doug Byrd and Cassandra Becker, both of Byrd Real Estate Group LLC, handled the transaction.