Lancair buys its Redmond building

A company created by Lancair’s owner, Robert Wolstenholme, of Colmar, Pennsylvania, bought the building the company calls home, 250 SE Timber Ave., in the business park adjacent to the Redmond Airport, said Randy Akacich, Lancair general manager. The $1.7 million sale was expected to close Tuesday, he said.

The purchase ends Lancair’s search for a permanent home, a search that included sites outside of Oregon, Akacich said Monday. He declined to identify specific locations.

“We were concerned about the economy, and so we wanted to keep our options open,” he said. “We feel more confident and, as a result, felt it was time to buy the building and establish roots.”

The company, founded in 1983 in Gardena, California, moved in 1991 to Redmond. The company occupied a building on nearby SE Airport Way until about six years ago, when it moved to its current home, a 38,400-square-foot building, Akacich said.