Port of Vancouver USA: Opportunity abounds in Vancouver, Washington
Up to 17 acres ready-to-build now with 50 additional acres ready to develop at the port’s Centennial Industrial Park at Port of Vancouver USA.
The Port of Vancouver USA in Southwest Washington has property ready for development, with room to grow. The port currently occupies a total of 2,127 acres, including more than 800 acres of operating industrial and marine facilities. With more than 600 acres for future development, and access to river, road and rail corridors, the port is a prime location for future business development. This access to land and transportation corridors creates a very attractive location for companies looking to expand or relocate to the Pacific Northwest.
Centennial Industrial Park
The port’s 108-acre Centennial Industrial Park (CIP) features 17 acres that are now ready-to-build and available for lease. An adjacent 50 acres of land — ideal for light industry or advanced manufacturing — are available for future development. Infrastructure improvements are complete, underground utilities, roads and sidewalks are in place, and a state-of-the-art storm water management system is ready for new tenants.
In 2016, the port will begin construction of a 125,000 square foot industrial building. The building is expected to be complete by April 2017 and will be capable of accommodating several tenants or one single tenant. Pre-leases are now being accepted.
Especially significant is the port’s ability to help prospective tenants find funding sources for project development. One example of a creative approach to funding is the use of the federal New Markets Tax Credit Program. This program was instrumental in attracting Farwest Steel, one of the leading distributors, processors and fabricators of specialty steel products in the Northwest, to the port.
In addition to CIP, the Port of Vancouver USA has over three million square feet of warehouse and industrial space and continues to make substantial investments in leading-edge facilities.
The Port at Terminal 1
In 2016, the port will finalize its vision of the Northwest’s newest destination — The Port at Terminal 1. This is a waterside redevelopment that will completely transform the Vancouver waterfront and will include mixed use, hotel, public space, restaurants and residential properties. Already generating significant interest, the port is seeking companies looking to relocate to this new, upscale development, strategically located along the Columbia River waterfront.
West Vancouver Freight Access Project
The Port of Vancouver USA is nearing completion of the West Vancouver Freight Access Project, a $275 million rail infrastructure improvement project that improves the movement of freight through the port and along railroad mainlines that connect the Pacific Northwest to major rail hubs in the U.S. and Canada. It significantly increases the port’s capacity to handle additional rail cars each year so goods can move more quickly to market, and lowers costs for U.S. manufacturers, making them more globally competitive.
Pacific Northwest Livability
Clark County, Washington, home of the port, has low taxes and offers workers and their families all the advantages of a major metropolitan city: outstanding livability, access to affordable housing, cultural and recreational opportunities, and quality schools for primary, secondary and higher education.
This desirable environment, combined with great logistics, a highly skilled labor force and support from local and state agencies, creates an opportunity for businesses of all sizes to grow and thrive.