Vancouver USA considering land sale
The Port of Vancouver USA this week said it is eyeing the sale of up to 22 acres of port land to the Farwest Steel Corp., a distributor, processor and fabricator of specialty steel products in the Pacific Northwest.
The potential sales could fetch $5 million for the port.
'The port's investment in rail and ready-to-build industrial land was essential to attracting Farwest to Vancouver,' said Larry Paulson, the port's executive director.
Farwest operates several facilities in Oregon, Washington, California, Idaho and Utah, and hopes to consolidate some of their distribution, processing and fabrication operations in Vancouver.
The company plans to construct a $20 million to $30 million facility that will contain its distribution, processing, fabricating and office support. The company projects receiving 200 to 300 rail cars annually.
'We have been looking long and hard throughout the region for a location that best suits our ability to grow and efficiently deliver quality products to our customers,' said Patrick Eagen, president and chief executive officer of Farwest, in a statement. 'The port had industrial land ready to build, with the right river, road and rail connections — this is the best choice for us.'