Port Of Douglas Buys Building For Accor Technology Expansion

Company near Pangborn Airport to add 25 manufacturing jobs initially

EAST WENATCHEE — The Port of Douglas County has closed on the purchase of a building in the Pangborn Airport Business Park and announced plans to add on to the structure to accommodate expansion of the building’s tenant, Accor Technology.

The port paid Mount Vernon Investors $1.595 million for the 31,000-square-foot structure, located on Fifth Street Southeast. The port will spend another $2.4 million renovating and expanding the building to 51,560 square feet. The land on which the building stands is part of the non-aviation land at Pangborn Memorial Airport that has been developed by the port to increase revenue to the airport. The work is expected to be completed by year’s end.

Accor Technology, which manufactures residential plumbing valves for the wholesale home construction market, anticipates adding 25 jobs to its workforce, which totals just under 100 employees today. In 2011, Accor employed 40 people. It was founded in 1986 in Cashmere.

The company signed a 20-year lease with the Port of Douglas, said Lisa Parks, the port’s executive director.

“For Accor Technology, it allows them to continue to expand their operations and increase production,” Parks said. “For the county as a whole, it increases employment and brings more manufacturing jobs into the region. For the Port of Douglas, it’s consistent with our goals, which are to develop revenue-producing assets that financially support the Port’s efforts to promote and encourage development, provide infrastructure and build community.”

The port sold $4 million in bonds to pay for the purchase and the expansion work, after receiving an A+ credit rating.

Accor Technology has been a tenant of Mt. Vernon Investors in the building since 2006.

For more on Accor Technology: http://accortechnology.com/
For more on the Port of Douglas County: http://www.portofdouglas.org/

Contact: Lisa Parks, Port of Douglas County, (509) 884-4700 or lisa@portofdouglas.org

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