Friday, November 9, 2012

Camas-Washougal Port Buys Waterfront Acreage

The Port of Camas-Washougal is acquiring a parcel of waterfront property along the Columbia River at the former Hambleton Lumber site in Washougal, Washington.

“We believe this is the biggest news at the port since the August groundbreaking of the 120-plus acre Steigerwald Commerce Center in our industrial park,” port Executive Director David Ripp said in a prepared statement. “We’re excited that both of these developments will bring much needed jobs to our area and at the same time, demonstrate the port as a leader in balancing the need for economic growth with preserving the quality of life here-particularly the scenic beauty and recreational opportunities along the Columbia River.”

The purchase agreement specifies the sale of about 13.25 acres from real estate development company Killian Pacific at the former Hambleton Lumber Co. site, located adjacent to an existing port recreational boating marina.

In all, the property sale to Killian Pacific totals about 26.5 acres, with the Port of Camas-Washougal purchasing about half of the parcel from Killian Pacific, including rights to tideland leases and associated uplands area.

Killian Pacific will retain ownership of a portion of the Hambleton Lumber Co. site and intends to continue to collaborate with the port on the eventual development of the area, according to Killian Pacific President Lance Killian.

“We look forward to finding the right balance between market and community needs and contributing to enhancing the community through the development of this property,” Killian said.

The sale’s closing date is effective Nov. 16, 2012.