The Herald of Everett, Washington
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Chuck Taylor | ctaylor@heraldnet.com
Published: Friday, April 27, 2012, 10:15 a.m.

Kimberly-Clark puts mill up for sale 'unpriced'

  • The Kimberly-Clark mill property in Everett as portrayed in the real estate listing.

    Kidder Mathews

    The Kimberly-Clark mill property in Everett as portrayed in the real estate listing.

Kimberly-Clark officially put its now-closed Everett paper mill up for sale Thursday and says demolition of structures there will commence by summer. The 66.4-acre property is offered "unpriced" through brokers Kidder Mathews and Binswanger.

This PDF has a detailed map of the offered "Everett Marine Industrial Property," breaking down the mill's present layout to the hundredth of an acre.

But there is no mention of the fact the city has imposed a moratorium on development of the property, which is presently zoned for heavy manufacturing.

A news release says Kimberly-Clark
plans to commence demolition of the structures on the property by this summer. Kidder Mathews and Binswanger expect this waterfront property to appeal to a wide variety of businesses and industries on a national/international basis, including marine industrial companies who will benefit from the deep-water-port component of the property, the extensive BNSF rail system adjacent to the site, as well as the property's extraordinary utility capacity and on-site water treatment facility.
Dave Speers, a senior vice president at Kidder Mathews, is quoted as calling the mill property "very rare, major salt-water marine industrial property of significant size."

Here's the full news release from the property brokers:

Kidder Mathews & Binswanger Bring Massive Industrial Waterfront Property in Everett, Washington onto Market

Seattle, WA (April 26, 2012) – Kidder Mathews and Binswanger have been retained by Kimberly-Clark Corporation to sell its exceptionally rare waterfront industrial property in Everett, Wash. Located on the central Everett waterfront at 2600 Federal Avenue, the Everett Waterfront Industrial Property boasts more than 2,500 linear feet of deep-water industrial shoreline area and a total land area in excess of 66 acres. The property is immediately adjacent to Naval Station Everett, home of the USS Nimitz carrier battle group, and the Port of Everett main terminal.

This unique Everett Waterfront Industrial Property totals 66.4 acres, including 55.5 upland acres and 10.9 acres of fee-owned submerged land area. Property owner, Kimberly-Clark Corporation, plans to commence demolition of the structures on the property by this summer. Kidder Mathews and Binswanger expect this waterfront property to appeal to a wide variety of businesses and industries on a national/international basis, including marine industrial companies who will benefit from the deep-water-port component of the property, the extensive BNSF rail system adjacent to the site, as well as the property's extraordinary utility capacity and on-site water treatment facility.

Kimberly-Clark is represented by Kidder Mathews brokers Dave Speers, Matt Henn, and Matt Hagen, all senior vice presidents and partners with the firm, as well as Eric Dienstbach, a senior vice president and manager of western division in Binswanger's Denver, CO office.

“This disposition assignment is an exceptional opportunity to bring to market a very rare, major salt-water marine industrial property of significant size,” says Dave Speers, Senior Vice President, Kidder Mathews. “We're confident the unique nature of this property will garner the attention of national and international industrial and marine users.” For more information about the property, go to everettindustrialmarine.com.

About Kidder Mathews
Kidder Mathews is one of the largest independently owned commercial real estate firms on the West Coast, with over 400 real estate professionals and staff in 9 offices in Washington, Oregon, and California. Kidder Mathews offers a complete range of brokerage, appraisal, property management, consulting, sustainability, and project and construction management services for all property types. The firm performs $1.9 billion in transactions, manages over 22 million square feet of space, and conducts 1,100 appraisals annually. For more information, go to www.kiddermathews.com.

About Binswanger
Headquartered in Philadelphia, PA, Binswanger is an international full-service real estate organization with offices worldwide throughout the United States, Canada, Latin America, Europe, the Middle East, and Asia. Binswanger offers comprehensive real estate services including advisory/consulting, property acquisition and disposition, location consulting, management services including facility and project management, financial services, and valuation. Founded in 1931, they serve a vast number of the Global 1000 companies and complete over $11 billion in activity each year. For more information, go to www.binswanger.com.
Story tags » EverettReal EstateKimberly-ClarkPort of Everett

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