Polygon NW Options 88-Acre Teufel Nursery Property

PORTLAND-The Vancouver, WA-based residential developer Polygon Northwest has acquired an option to purchase the Teufel family’s 88-acre nursery operation headquarters located six miles west of Downtown in Washington County.

The property fronts Northwest Barnes Road just north of US 26 in a mostly unincorporated area known as Cedar Mill. Local sources familiar with the deal tell GlobeSt.com the option would not be exercised unless Polygon can gain the necessary approvals from the county for a mixed-use development on the property. A Polygon executive could not immediately be reached for comment.

Larry Teufel, president of the 113-year-old nursery operation, tells GlobeSt.com that the 88-acre parcel is what remains after the Beaverton School District’s recent condemnation of an 18-acre piece of the property’s frontage along Barnes Road. A Washington County Circuit Court jury earlier this year set the price for the property at $5.4 million, a price Teufel describes as “not fair.”