Lakeside Capital buys Triumph Composite Plant
Wanting to generate long-term, high-paying manufacturing jobs in the Inland Northwest, a company led by veteran businessman and philanthropist John J. Hemmingson has acquired Triumph Composite Systems Inc.’s nearly 50-acre parcel of land and gargantuan 386,000-square-foot manufacturing plant in west Spokane.
Now that Triumph is occupying about a third of the building and planning to move out within two years, Hemmingson and Lakeside Capital Group LLC’s executive team envision a sprawling manufacturing hub that would house multiple businesses staging their operations on the site.
“I just feel we can develop it into something amazing if we take our time,” says Hemmingson, who turns 68 this month. “We’re going to be patient about how we approach that. It’s an amazing asset for the community, and we’re just in hopes that we can make sure it houses good jobs.”
Read the Full Article by clicking the link below: Hemmingson’s Triumph: Lakeside Capital buys Triumph Composite Plant