Show HALF MIL MilLION INVOlVED IN I IRAl RAl REALTY TV DIAl DEAL C. C N. N Strevell James H. H Paterson Paterson Paterson Pater- Pater son and Associates Acquire Property Opposite 0 o. S. S L. L Station in Third West Street PURCHASERS WILL ERECT STRING OF WAREHOUSES Consummation of Plans Will Create New Wholesale District District District Dis Dis- Railroad Sidetracks Are to Be Laid at Once One of tho the largest real estate deals of tho the year involving about by which C. C N. N Strove Strevell James H. H Paterson and their associates acquire property opposite the Oregon Short Line passenger station in Third West Vest was announced yesterday Tho The purchasers will erect upon their property a n. series of ot fireproof warehouses warehouses warehouses ware ware- houses for concerns requiring a n. combination combination com corn of business and fa fa- fa dItties Consummation of at these plans will soon mean creation of a 0 new wholesale wholesale wholesale whole whole- sale and antI warehouse district centrally located and In excellent commercial proximity to the railroad yards Side tracks will bo laid from the Oregon Short Line ono one ono line being laid now and now and the tho new warehouses es will have havo the freight cars at their doors The warehouses will be large modern and fireproof and will wUl be built on the unit plan plan ono ono section at a time Warehouse to be Uniform When completed the warehouses will bo ho uniform In sizo Izo and architecture architecture ture and will stretch from Third West clear through to Second West In the block bo bounded on tho the other sides eldes by South Temple and First South streets Mt warehouses ar 10 will be divided by a n. Wat treet which p will b be paved and b by th tho spur tracks from the railroad railroad rail rail- road yards tards th those these s area t giving th the t ten tenants ants plenty of or light Mr Strevell Mr Paterson an and their associates havo have been working OrT orr this big undertaking for tor several months but the deal was not olo closed ed un until lI yes yes- yes V The property bought by composes corn com po poses es former holdings s of ot the Taylor- Taylor Armstrong LU Lumber company J th the SIerra Si Sierra SJ- SJ erra Nevada Lumber company the Commercial Mill Bull Building ln company any and others Tho The deal was ag negotiated ted for tor the purchasers b by Theodore Ny- Ny strom Bought From Time to 10 Time Different parcels In the block were wore procured from time to time until now no Strevell Paterson have havo a sti strip ip some feet wide and extended from Third West to Second West Vest The new warehouses warehouses warehouses ware ware- houses will have frontage in both these thoroughfares both bolh excellently excellent paved The property Is cut In two b by n a street which runs through tho the middle of ot the l block lock from Second West Wesl to Third e West t streets This street will be bo paved With paved lavetI streets capable o ot of bearing the heaviest traffic and with spur tracks running the entire length o of tho the Strevell Paterson belle o that the they will wilt have one of the most admirable wholesale districts Inthe in inthe inthe the eil city The situation Is not far tor from the central bu business part of at the tho city and at the doors of or the railroad yards yard In the tho last week the Oregon Short Line ha has been laying a track on the south end of ot the pro property perl This will Continued on P Page e C G Column 7 1 t I New Warehouse District i 1 13 1 V t I S St f L LaAe C cI IY 1 r i f c l r 7 Ps 1 I r. r I I r p 1 I 1 d 1 i I I I t I I It II h I t I I IJ J I J si I I I. I N 0 I j 3 I 1 I M I I bH 1 t I 1 Ol I r I i 1 s. s S- S c t tI I I I I I I t I 7 t 0 1 I J hi 0 I S I If 4 1 f I I 4 I I f I I. I I I J I II I sr 4 lr r i L T J I 7 Map rp showing property bought I by Strevell Paterson I HAlF MilLON MILLiON IS INVOLVED IN ISREAL REAL ESTATE DEAL Continued from Page One Poc rom be the tho property of the Salt Lake Warehouse com company pan In which Mr Ir Strevell and Mr Paterson aro arc Interested Track Inck On Un Each Side Ide Within a few fe weeks the other spur track will wJ he lie laid haiti running running through t the hD Paterson Paterson Ste property from lom Third West et to to Second lest t streets street These niece tracks will wi adjoin the warehouses on each side hide Strevell Paterson are planning planning to Incorporate a a. a new company compan which will wil handle tho tIme now V venture erect the warehouses and tako take over tho second spur Tho The warehouses will wi havo a street frontage of ot about feet Including the little street which runs through the middle of at the lan land The Tho largest nr est building no now noon on tho the property Is a a mill mil in the tile Second Second Sec See ond South street side This mn may bo be I Ir utilized In n tho the construction but other buildings will wil be razed to tomake tomake r make malce wa way for tor the modern warehouses There are arc no buildings on some of ot the parcels The new owners have ha not yet determined determined deter deter- mined when the they will wi begin the buildIng building buldIn build build- buld- buld In Ing of ot their warehouses but expect that It will wi be In th the near future |