The Mint Farm is named after the hundreds of acres of mint crops that graced the area from 1926 through the 1950's. Last year, the industrial park tripled in size when the Army Corps of Engineers issued a permit to grow the 125-acre park by another 240 acres. The 125-acre first phase of the park is about two-thirds full, with companies having acquired 80 acres of land.
Weyerhaeuser actually owns the land for the second phase and is the one that hired Insignia, but the City has the right to purchase the land and flip it to any interested party should one come along. "I don't presume to speak for Weyerhaeuser, but I assume they wanted to see if they could bring more attention to the project, more attention than we or they had been generating," Longview City Manager Ed Ivey tells GlobeSt.com. "I believe Insignia had generated some activity on Weyerhaeuser land up in the Olympia area and that got the company's attention."
The listing assignment was awarded to Insignia/ESG, Inc, Portland in partnership with their Seattle office, Insignia Kidder Mathews. Insignia/ESG Executive Director Steven Klein and Director George Slevin along with Insignia Kidder Mathews Associate Broker Linn Larson and Associate Broker Vanessa Herzog will be working together on the listing.
"From a logistical prospective there is easy access to I-5, rail to the site, and close proximity to the Port of Longview," says Klein. "From a permitting process perspective you have the City of Longview with a streamlined permitting system and a "can do" attitude."
On the projects 125-acre first phase, among other things, Mirant Corp. has purchased about 11 acres and is busy building a $250-million power plant. Toyocom of Tokyo is up and running in a $25-million synthetic crystal plant in the park and CB Richard Ellis is marketing for sale a 250,000-sf building owned by Maverick, which gained the asset when it purchased Prudential Steel and then decided to move operations out of state.
On the property management side, Insignia's Portland office said this week that Washington Capital Management has awarded management of the 122,000-sf AT&T Center in Downtown Portland to Senior Property Manager Cini Apostol. Located at the corner of Fourth Avenue and Market Street, the building has nine stories of office and two levels of parking Apostol will be responsible for the operation and maintenance of the circa 1968 office building beginning August 1, 2002.
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