Port of Vancouver Commissioners Approve Lease Transfer at Terminal 1
Vancouver, Wash. – On Tuesday, March 8, 2022, the Port of Vancouver USA Board of Commissioners approved the transfer of a ground lease agreement for Lots 1 and 2 in a mixed‐use development at Terminal 1. The lease, which was held by Columbia Waterfront LLC was transferred to Lincoln Property Company, currently developing other parcels at Terminal 1, which is the port’s 10‐acre waterfront development along the Columbia River.
Columbia Waterfront LLC, which held the lease on Lots 1 and 2 since June 2007, has developed several blocks at the Vancouver Waterfront, including residential units above ground floor commercial businesses.
Lincoln Property Company signed a 50‐year lease in 2021 for Blocks A and C in the Terminal 1 development. The buildings on those parcels will include commercial spaces and offices, including headquarters for Vancouver business ZoomInfo, which will move to the waterfront in 2025. Their development plans for Lots 1 and 2 include a mix of ground floor retail, multi‐level parking, residential and office spaces.
As part of the new leases with LPC, the port was able to incorporate design requirements to include a LEED Gold building certification, bird safe designs, EV charging stations, light pollution reduction to minimize disturbance to aquatic life in the river, and infrastructure to provide for energy upgrades such as solar and all electrical pathways.
“We are excited with the progress being made at Terminal 1,” said Julianna Marler, CEO of the Port of Vancouver. “Once developed, these two parcels will integrate seamlessly with existing and future spaces in the Vancouver waterfront, creating a beautiful spot along the Columbia River to work, live and play.”
For more information about the Terminal 1 Waterfront development project, please visit www.discoverterminal1.com.
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
Headquartered in Dallas, Texas since 1965, Lincoln Property Company (LPC) is a wholly owned, privately held firm organized as a Texas corporation with regional offices across the US. Lincoln Property Company’s West‐coast based operating unit was formed in 2002. LPC West is a major third party service provider with a focus on office, industrial, mixed‐use, retail investment properties and corporate property services. LPC West has offices in San Diego, Orange County, Los Angeles (Regional HQ), San Francisco, Portland, and Seattle. For more information about LPC West, visit www.LPCWest.com.