The first phase of Specht Development’s 43-acre Portside Industrial Park is now underway in West Vancouver.
The park, a state-of-the-art industrial space situated immediately across from the Port of Vancouver’s Centennial Industrial Park, will accommodate up to 800,000 square feet of building area at full build-out.
Construction on two buildings totaling 352,874 square feet has already begun.
“The Portside property, once a settling pond for Boise Cascade, is an example of the seller successfully cleaning and filling this site over a period of several years,” said Gregory Specht, CEO for Specht Development. “We are greatly concerned by the lack of available land for larger industrial projects in both Oregon and Southwest Washington. The region needs additional land for industrial and employment development opportunities than what currently exists.”
Mackenzie is serving as project architect, with Perlo Construction serving as general contractor.
“We have an excellent, long-term relationship with both Perlo and Mackenzie so we feel very comfortable with them on our Portside team,” added Specht. “Just three years ago, our three firms recently completed the $49 million Farwest Steel Service Center project together just down the road from our Portside project.”
Portside Industrial Park will be completed in three construction phases. The first phase is expected to be complete by the end of the year.
Express Messenger Systems, Inc. has already leased 162,240 square feet of space within the development.
