Back to Press Room

In the News

May 14, 2014

Vancouver developer buys Ridgefield site to construct industrial buildings

Daily Journal of Commerce

Journal Staff

ROK Ridgefield Industrial LLC last week bought 10.5 acres from the Port of Ridgefield just south of the Ridgefield Industrial Park in Clark County. The property is west of the end of South 11th Street, near Pacific Crest Cabinets, Parr Lumber and Agave Jeans.

The transaction was for $1.27 million, or about $4 per square foot for the developable area of the property zoned for industrial use. The port owns an additional 14.5 acres adjacent to the site.

ROK wants to build 42,000- and 60,000-square-foot concrete tilt-up industrial buildings on the property. The larger building will get started in about a year and both will be finished by the end of 2015. The port will kick things off by extending 11th Street to provide access to the site.

Mackenzie is the architect and a general contractor has not been selected yet.

Elie Kassab, president of Vancouver-based Prestige Development, is the managing member of ROK.

In a release, Kassab said ROK is negotiating with two prospective tenants: a distributor and a light-industrial enterprise. Collectively the two operations could bring as many as 175 jobs to Ridgefield.

"If our negotiations are successful these two tenants would take up about 60 percent of the industrial space to be constructed, leaving room for the addition of more businesses in the future," Kassab said.

Prestige Development has developed projects in Battle Ground and Vancouver, as well as Sandy and Independence, Ore. This is its first in Ridgefield.

"I see Ridgefield as a growing community, and a place for us to lead a new wave of development," Kassab said. "Historically our development efforts have been to fill a need in a community, and we hope to do this in Ridgefield."

Scott Fraser of Kidder Mathews represented the port in the transaction with ROK.

In 1984, the port purchased 78 acres to create the Ridgefield Industrial Park. Today, the industrial park and adjacent development is home to about two dozen businesses.

© 2014 Seattle Daily Journal of Commerce

Back to top