The Port of Woodland, Wash. and structural steel provider company Brown Strauss have closed the sale of nearly 24 acres of land at the port’s Schurman Way Industrial Park, the port revealed May 24.
The property deal brings about $4.3 million in revenue to the port and is expected to allow the port to pay off $1.8 million of debts from prior land acquisitions and construction. In addition, the port has said that it plans to use the remaining balance toward construction at nearby Rose Way Industrial Park. The additional construction of buildings is expected to provide future revenue to Woodland via leasable buildings, according to the port, which is located on the Columbia River near the I-5 corridor between Seattle and Portland.
“The property will go back onto the tax roll, bring jobs and industry to the site. The proceeds from this property sale allows the Port to pay significant debt off and construct additional buildings at Rose Way Industrial Park. This is a huge win for everyone,” Commission President Bob Wile explained.
The Schurman Way Industrial Park is a 50-acre site with current leases with Peri Formworks, Tribeca Transport, AmeriGas and Hamilton Drywall. The location has access to a dual service rail spur owned by the Port of Woodland and within half a mile of Interstate 5.
“The port has worked diligently to bring a company here to Woodland, bringing jobs and business that would benefit from the rail infrastructure funded by the Cowlitz County Commissioners in the late 1990s. With Brown Strauss’s purchase, we will see that happen on that property,” port Executive Director Jennifer Wray-Keene said in a statement.
Tuesday, May 25, 2021
