Spokane, WA
Westgate
20-acre commercial development with direct I-90 visibility and access, adjacent to Amazon warehouses.
Real Estate Development & Investment
Real estate for the Inland Northwest.
Heraclid develops and invests in diversified real estate across Spokane and North Idaho, and holds it for the long term.
47.5431° N 115.8172° W
01 / About
A real estate development and investment firm focused on communities in the Inland Northwest.
Place
Spokane and North Idaho.
Guided by a connection to the history of Spokane and North Idaho, Heraclid focuses on specific Inland Northwest communities.
Approach
Diversified, not one product.
We focus less on specific real estate product types and more on diversified opportunities in the communities we know.
Partners
Held for the long term.
We welcome joint ventures and seek projects that offer diversified income and benefit from a strategy of long-term ownership.
Heraclid
[her-uh-klid] / ˈhɛr ə klɪd /
A name for the descendants of Hercules.
In this case, a tribute to the early miners of the Hercules Mine near Wallace, Idaho, and the communities that flourished around it.
02 / People
Rooted in the region, trained in the gateway cities.
Michael Tilford
Principal
- BA, HistoryGonzaga University
- MBABoston University
- MSREDMassachusetts Institute of Technology
Heraclid's Principal, Michael Tilford, started his career in Coeur d'Alene, ID as a project manager for John Stone's Riverstone project. He continued building a well-rounded development career at HBI, a nonprofit historic tax credit financed developer, Skanska Commercial Development, and as Vice President of Development at Boston Properties (NYSE: BXP), the largest developer and owner of office properties in US gateway cities.
Mike is a 10-year Pan-Mass Challenge cyclist, helping raise over $75,000 for cancer research at Dana-Farber, an increasingly fair-weather skier, and an avid traveler who has had the unique privilege to visit and sleep on all seven continents.
03 / Consulting
Feasibility and economic consulting.
Heraclid LLC provides real estate development feasibility and economic consulting to public entities and private owners through its partner firm, Fulcrum Land & Infrastructure LLC, based in Boston, MA.
04 / Active Projects
Across the Inland Northwest.
Commercial, industrial, hospitality, and ground-lease holdings in Washington and Idaho.
Sandpoint, ID
420 5th Avenue
NNN leased Arby's restaurant with long-term local operators.
Post Falls, ID
Boulder Court
Three-building light industrial complex leased to Bill's Plumbing & Heating.
Spirit Lake, ID
Sedlmayer's Resort
RV resort and marina with a lakeside restaurant run by local partners.
Spokane, WA
Blue Beacon Truck Wash
Land lease to a national truck wash operator.