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Port Gears Up for Next 75-Acre Development

RIDGEFIELD, WA-Having sold off all but one parcel of its 75-acre Ridgefield Industrial Park at Exit 14 from Interstate 5, the Port of Ridgefield is turning its attention to another 75-acre parcel there, this one designated for a more office-oriented Discovery Pointe Corporate Park.

By Brian K. Miller | Updated on December 05, 2004

RIDGEFIELD, WA-The Port of Ridgefield is gearing up to develop another quadrant of former farmland around Exit 14 from Interstate 5. Having sold all but one small parcel of Ridgefield Industrial Park, which occupied the southwest quadrant of the intersection, the Port is turning its focus to the northeast quadrant, where it is planning Discovery Pointe Corporate Park, a 75-acre chunk of land slated for more of an office build out.

The Port acquired the bulk of the property in March 2003 when it paid Waldon Groves $2.5 million or $1.29 per sf for 45 acres adjacent to 30 acres it already owned. The sale closed around the same time Portland developer Greg Specht tied up another 40 acres at the same intersection owned by Jack Gainer. The land has been planned for Ridgefield Commerce Center, a complementary project that will pick up where the Port’s industrial park is leaving off.

Pre-development of the Port’s acreage is expected to take much longer than Specht’s. Specht’s land came with sufficient water and sewer service close by and, while it was in escrow, Specht was working with the City of Ridgefield to subdivide the property into 11 lots capable of holdings a combined 480,000 sf of manufacturing, warehouse and distribution buildings. The Port’s land, by contrast, was in need of more significant infrastructure upgrades, had a long-standing goose habitat overlay and the Port hadn’t begun working toward obtaining the necessary entitlements.

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