The temperature of our market continues to warm up as we see industrial vacancies at a nearly 15 year low. Long term, there is a lot to be optimistic about. There is increased interest in new construction of office space, turnover of commercial properties, and interest from distribution.
EDC had the opportunity to travel to Bellevue to meet with Benaroya, a Seattle area industrial real estate developer. Our organization is assisting Benaroya and will be placing information about both their Winlock and Centralia properties on our website in the coming weeks. We are also generating aerial photography and video of the sites. There are additional items that we are doing to support their efforts to attract logistics facilities.
Lead: Third Party Fulfillment
EDC is working with a client that provides third party warehousing and general storage for many types of industry including healthcare, electronics, retail, industrial, and automotive. In addition, the company can also accommodate food storage as well as chemical storage. They are looking in our community to identify a 30,000 – 40,000 sq. ft facility. Total projected employment is under 10 employees. Their requirements include a sprinkler system, four dock doors, one grade level door, and 2,000 sq. ft. of office space. We have forwarded this lead onto our development partners at the Ports.
Manufacturing Lead from Commerce:
This project is a lead from the Department of Commerce that we received in January and have been working with for the last few months. They are looking for a site that is 15-24 acres to build a 200,000 sq. ft. facility with 3,000 sq. ft. of office space, and 10 or more dock doors. We had a site tour scheduled for April 12th. They have postponed their visit with the intention of rescheduling a future visit.
MRO Americas Expo:
The EDC was represented by “Site Location Partnership” at the MRO Americas Show. They developed 18 business recruitment leads from the Trade Show. The MRO Americas show was held in Dallas, Texas and had 13,485 attendees and 830 exhibitors. The event showcased maintenance, repair, and operations issues in the aviation industry. Many of the leads we received are in support services, warehousing services, and metal/composite fabricators. We will be following up on the leads from this show in the next few weeks.
Campbell Chrysler buildings
Following the closure of Campbell Chrysler Dodge dealership, the property owner has retained commercial broker, Leon Titus to represent the property. Leon has a deep connection to automotive dealerships. His family has been involved in the industry for decades. Leon is bringing his knowledge and experience to assist the Campbell Family in filling this property that has been an anchor in downtown Centralia.
The family’s intent is to lease the buildings and associated properties to one individual or company. The hope is that it is an automotive related user or a change of use that is a good fit. The Campbell Family prefers to keep the properties in their possession and continue to lease them.
Business Retention & Expansion
Pacific Welding Supplies:
Pacific Welding Supplies was created in Tacoma, Washington by Paul VanDyke in 1976. Mike Fox came on a year later as an equal partner. Soon they expanded to additional locations and began to acquire other companies in the welding supply industry. Eventually Mike Fox bought out his partner and continued to expand the business. In 2009 Central Welding Supply purchased Pacific Welding Supplies and has continued as a wholly owned subsidiary of Central Welding Supplies. The main company is now phasing out the Pacific brand and making all of their stores Central stores.
Centralia Knitting Mills:
Centralia Knitting Mills was founded in 1939 by Randall D. Thoreson’s grandfather. He originally started the company in Olympia, Washington but due to issues with using the name “Olympic” and with the support from the local community it prompted his business to relocate, he decided to move his business. After relocating in the community, they learned that the Native American term “Skookum” meant the best or the ultimate. They decide to rebrand their company the Centralia Knitting Mills and name their flagship project Skookum. They have been producing sweaters and jackets on the same machines purchased when the company began. The company continues to operate machines that are 75 years old. There are currently at about 25 employees with the biggest market for their products being Japan.
For questions regarding the EDC’s activities please contact Matt Matayoshi firstname.lastname@example.org or (360) 748-0114