SHERWOOD, OR-Tualatin-based Pacific III LLC has begun decontaminating the former Frontier Leather tannery property here this week en route to its eventual redevelopment.

In February, Pacific’s managing partner Patrick Lucas signed a “prospective purchaser agreement” with the state Department of Environmental Quality, setting the stage for the sale, cleanup and redevelopment of a contaminated 12-acre piece of the 33-acre property at 1210 N.E. Oregon St.

The PPA defines the cleanup that Pacific will perform on the site and limits Pacific’s future liability to the state in that regard. It also gives Pacific three years to perform the clean up, which is expected to take four months. “We hope to have everything finished before the rains come,” he wrote GlobeSt.com in a recent email.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.