Port extends lease with Northwest Packing Co.

Port extends lease with Northwest Packing Co.

VANCOUVER, Wash. – The Port of Vancouver announced today that an agreement has been reached between the port and Northwest Packing Co. to extend the company’s lease by three years.  Discussions have been underway for more than a year regarding a 25-year extension option that is part of Northwest Packing Co.’s current lease.  The company leases 15-plus acres of port property for the processing of a variety of canned fruit and tomatoes along with fruit juice concentrates.
 
The interim lease extension will provide additional time for negotiations. 

“We appreciate Northwest Packing Co.’s willingness to work with us on this issue,” said Larry Paulson, executive director for the Port of Vancouver.  “They are a valued and long-time tenant, and we are confident that the additional three years will give us the time necessary to reach the most mutually beneficial solution possible.”

Originally set to expire in December 2011, the amended lease has an effective date of July 1, 2011 and expires on December 31, 2014.  Additional changes to the lease include a slight reduction in the amount of property being leased by Northwest Packing Co. from 15.86 acres to 15.53 acres and a decrease in the number of months the company has use of an overflow parking area from 12 months to four.

These lease modifications reduce the amount of rent Northwest Packing Co. pays to the port from $154,859 to $149,439 annually.  

About the Port of Vancouver USA

The Port of Vancouver USA, created by Clark County taxpayers in 1912, is one of the major ports on the Pacific Coast. Its competitive strengths include available land, versatile cargo handling capabilities, vast transportation networks, a dependable labor force and an exceptional level of service to its customers and community. For more information, please visit us at www.portvanusa.com.