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New York Real Estate Company Acquires Portland Property for Partial Development

PORTLAND, OR-The Brookhill Group makes its first Oregon acquisition, acquiring a 25.82-acre former sand and gravel pit on Tomahawk Island in the Columbia River, most of which it wants to restore and preserve as natural habitat in exchange for using a small portion near the main roadway for industrial uses.

By Brian K. Miller | Updated on October 20, 2000

PORTLAND, OR-A New York-based national real estate company has acquired a 25.82-acre parcel on Tomahawk Island in the Columbia River, most of which it wants to restore and preserve as natural habitat in exchange for using a small portion near the main roadway for industrial uses.

Tomahawk Island is located near the airport, and is connected to the mainland by a causeway. The former sand & gravel mine, which sits between two marinas, is Brookhill’s first acquisition in Oregon. It was purchased from Hillman Properties, a multi-billion-dollar industrial and real estate firm based in Pittsburgh. The acquisition price was not immediately available, and is not being released by Brookhill.

The portion of Brookhill’s property directly accessible to Tomahawk Island Drive will be used for permitted commercial/industrial purposes, similar to the many boating related activities in the vicinity. Brookhill vice president Barry Hersh could not be specific about the size of the development, other than to say it would be marine-related, “and probably wouldn’t be developed on a speculative basis.”

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