Tuesday, July 24, 2012

Port of Ridgefield Sells Acreage

The Port of Ridgefield, located in southwest Washington state, is selling 5.6 acres to an Oregon company that says it plans to build an 80,000-square-foot steel processing, assembly and storage plant.
The port announced July 20 that it was selling the acreage for $904,000 to Portland-based steel manufacturer Alliance Industrial Group.

Under the terms of the sale, Alliance will pay the port $90,400 when the sale is closed, then make monthly payments over 25 years to pay off the remainder of the cost of the parcel, which is located near the port’s industrial park.

Alliance says the new facility will store, process, assemble and coat steel products for various customers throughout the western U.S., including industrial plants and transportation hubs. The company says it expects to employ up to 160 employees at the new site, which is expected to be operational by July 2013.

The Port of Ridgefield, which covers about 57 square miles, or roughly 36,480 acres, sits in the northern section of Clark County in southwest Washington State. It’s a few miles north of Portland, Oregon and about a two-and-a-half hour drive from Seattle, which is 160 miles to the north.