85 Acres Changing Hands at 'Exit 14'

RIDGEFIELD, WA-Eighty-five acres surrounding Exit 14 off Interstate 5 is landing in the hands of industrial developers, one private and one public. The land is within the city limits of Ridgefield, on the northern edge of the Portland-Vancouver Metropolitan area.

Developer Greg Specht is in escrow to acquire 40 acres west of Interstate 5 and south of SR 501 and the Port of Ridgefield has acquired 45 acres east of I-5 and west of SR 501. Scott Fraser of Colliers International is the broker behind both deals.

Specht tells GlobeSt.com he is in the process of subdividing the property into 11 lots and he expects to close on his acquisition from Jack Gainer in May. After that, he will start creating pad-ready sites for Ridgefield Commerce Center, which could accommodate as much as 480,000 sf of manufacturing, warehouse and distribution buildings.