Port of Camas-Washougal Signs New Business Leases, Adds Tenants to Industrial Park Port Maintains Low Vacancy Rate – News Release

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Washougal, Wash. – Sept. 10, 2012

The Port of Camas-Washougal today announced three new tenants to its industrial park, and an existing tenant build out, ensuring a slow, but steady growth pattern in business leases and development in its industrial park property in Washougal.

“It’s rewarding to see new businesses locate here as other tenants increase their footprint, indicating that perhaps the economy may be improving in some areas,” said Port Executive Director David Ripp. “While we are constantly looking for ways to attract new businesses here, it’s a very positive sign to see companies thrive and grow, bringing jobs to our area. We’re fortunate in that we’ve been able to maintain a 97+ percent occupancy rate,” he noted.

According to the port’s 2012 second quarter financial summary, the port’s industrial park vacancy rate was 1.76 percent. This compares with the City of Vancouver’s 14.2 percent and City of Portland’s 15.2 percent industrial vacancy rates according to the NAI Norris, Beggs & Simpson Second Quarter Industrial/Flex Report.

The three new tenants to the existing industrial park property include: Etec, LLC (www.etecllc.com) – an environmental remediation company that offers aerobic and anaerobic bioremediation products, along with specialized groundwater recirculation and oxygenation equipment, has signed a lease for Bays 3 and 4 in Port Building 12. Fastenal (www.fastenal.com) – this local division is part of a global, public company with 2,600+ store locations and 10,000+ people. The company provides global sourcing, quality, and logistics operations for each local store as a one-stop source for a wide variety of manufacturing and construction supplies.
Silver Star Cabinets (www.silverstarcabinets.com) provides custom millwork, retail store fixtures and display, 3D design service and more, has leased space in Bays 1 and 2 of Port Building 14. In addition, Precision Saw Works is expanding by 2,213 square feet by relocating to Bay 1 of Port Building 12.

This business growth comes on the heels of the recent groundbreaking of the Steigerwald Commerce Center, a 122-acre industrial parcel, adjacent to the existing industrial park. The port announced construction plans at a ceremony with local officials on August 16. The construction phase, which is currently underway, will add 2,500 linear feet of street, making available 30-40 acres of Heavy Industrial Property. Full build-out of the property is expected to match local demand as the port anticipates and responds to current market conditions.

About the Port of Camas-Washougal
The port brings jobs and recreational opportunities through a 400-acre industrial park, a 79-hangar general aviation airport and 350-slip pleasure marina. Grove Field is a small, general aviation airport with a state-of-the-art fueling station and 14 tie-downs in addition to the 79 hangars. The marina is the largest publicly owned marina on the Washington side of the Columbia River and has a floating restaurant, launch ramp, hotel, fueling station, guest docks and is homeport to the Dolphin Yacht Club. The industrial park is home to more than 40 businesses and is adjacent to Steigerwald Commerce Center (under development). The port manages Captain William Clark Park at Cottonwood Beach, the adjacent protective levee and Parkersville National Historic site. More information is found at www.portcw.com.

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