Federal Way-based Colorado Tire Corp. has purchased a former federal courthouse in Billings, Mont.
The U.S. General Services Administration has transferred ownership of the James F. Battin Federal Building to Colorado Tire, the company said in a release.
Colorado Tire attorney KD Feeback of Helena confirmed on Tuesday a report in the Billings Gazette saying the sale price for the property was $3.275 million.
“It’s right there in the business district of Billings,” Feeback said. “It looks to me like it’s highly desirable office space.”
According to the Gazette’s report, the federal government no longer wanted the building because of asbestos problems.
No other details were provided.
Feeback said that the parties are “aware of the potential asbestos issues.”
The former occupants of the building have moved to a new location nearby.
Colorado Tire said in a release that the site presents “amazing opportunities.”
The company said use of the “highly strategic building” could include “high-quality administrative and/or professional space in the downtown Billings market.”C.R. Roberts: 253-597-8535