Land Board approves trading two Helena buildings for warehouse property

The Montana Land Board has approved trading two historic Helena buildings for a warehouse property near the Helena airport.

The state will trade the Old Liquor Warehouse on Front Street and the Armory on Last Chance Gulch to the D & M Development, LLC for a warehouse on A Street.

The Old Liquor Warehouse is currently used for state print and mail services.

The Armory is currently vacant.

According to Land Board documents, the two buildings are worth about $2,300,000.

D & M would remodel the A Street property, and it will accommodate the print and mail services they currently have.

They will also raise its value to match the two other properties.

Mark Esponda of D & M said that the project will not be disruptive to the buildings or the park.

The construction will take about six months, and the trade will be complete after the A Street warehouse is remodeled.

The Land Board consists of Montana’s five top elected officials.

The current members of the board are Steve Bullock, Governor; Tim Fox, Attorney General; Monica Lindeen, Commissioner of Securities and Insurance; Linda McCulloch, Secretary of State; and Denise Juneau, Superintendent of Public Instruction.