Port of Vancouver USA approves sale of 2.28 acres to Fisher Construction Group
VANCOUVER, Wash.—Fisher Construction Group Inc., a Washington-grown construction services firm, is poised to join a growing group of businesses at the Port of Vancouver USA’s Centennial Industrial Park (CIP).
The port’s Board of Commissioners today unanimously approved the sale of 2.28 acres of light-industrial land to Fisher for $873,000; the firm will build its Vancouver offices at the site.
Headquartered in Burlington, Washington, with offices in Spokane and Vancouver, Fisher currently leases a facility in Hazel Dell for its local operations. The company initially plans to build a two-story, 12,000-square-foot office building; detached, 2,500-square-foot shop and; an outdoor storage area on its acreage at CIP. Once construction is complete, Fisher will relocate its 30 Vancouver-based employees to its new facility.
Over the next five years, Fisher plans to increase its staff to 75 site and field employees and could expand into as much as 24,000 square feet of office space and 7,500 square feet of warehousing.
Sale vs. lease
It’s rare for the Port of Vancouver to sell property. The decision to sell is made only after careful consideration and preservation of public interest in the property. Through contract conditions, the port can repurchase the property from Fisher should any of the following occur:
- The property title is transferred within one year from the close of escrow;
- The property is not devoted to its intended use within one year from the close of escrow;
- Construction and operations do not begin within 24 months;
- Minimum employment level of 30 employees is not maintained;
- The property is offered for sale.
The last time the port sold property was in 2015, when Sunlight Supply Inc. purchased 15 acres in CIP. Sunlight built its 306,000-square-foot world headquarters on the property, investing more than $30 million and consolidating 250 jobs at the site. Sunlight was purchased by Hawthorne Hydroponics LLC in 2018 and Hawthorne has continued to grow this business at CIP, providing jobs and economic benefits for Clark County.
Similarly, Fisher Construction Group plans to invest in a sustainable facility, grow its business and more than double its employee base in Clark County. The company further diversifies the mix of businesses in Vancouver and at the port, which helps support the long-term vitality of our community and region.
Fisher was represented by local broker Garret Harper with Fuller Group Commercial Real Estate Services.
About Centennial Industrial Park
Completed in 2012 – the port’s centennial year – Centennial Industrial Park (CIP) features 15 ready-to-build acres, ideal for light industry and advanced manufacturing. CIP offers proximity to ocean bound and river shipping lanes, national rail lines and major interstate highways, including I-5 – the West Coast’s primary north/south arterial – and I-84, a principal route to the Midwest.
About Fisher Construction Group
Fisher Construction Group Inc. was established in the late 1970s and is an integrated design | build general contractor with projects currently throughout the U.S. and Canada. Offering in-house design services across the disciplines for both industrial and commercial development, Fisher’s team of builders, architects, structural engineers, food processing experts and thermal envelope specialists are known for building highly efficient facilities that deliver on investment. Fisher was listed in the Puget Sound Business Journal’s Book of Lists as one of the Fastest Growing Companies, with annual revenues that exceed $390 million.
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The Port of Vancouver USA is one of the major ports on the Pacific Coast, and its competitive strengths include available land, versatile cargo handling capabilities, vast transportation networks, a skilled labor force and an exceptional level of service to its customers and community. For more information, please visit us at www.portvanusa.com.