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Oregon Transfer Co. Buying Rivergate Land, Plans 300,000-SF Building

PORTLAND-The owner and operator of a public warehouse next to Terminal 6 plans to construct and operate a new facility on the 13.52-acre site to handle both domestic and international products.

By Brian K. Miller | Updated on August 13, 2003

PORTLAND-Oregon Transfer Company is planning a 300,000-sf, rail-served distribution facility on 13.52 acres in the Port of Portland’s Rivergate Industrial District.

The Portland-based company, which owns and operates a public warehouse on 10 acres next to Terminal 6, is acquiring the land from the Port for $4.75 per sf, and has a 60-day option at the same price to acquire another four acres of adjacent land for use as a truck staging area for the new facility. As additional consideration, the company is granting the Port an option to purchase its existing 10-acre site in the future.

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