{"id":18854,"date":"2020-09-29T09:39:45","date_gmt":"2020-09-29T14:39:45","guid":{"rendered":"http:\/\/www.cdcco.com\/?p=18854"},"modified":"2021-04-09T18:53:27","modified_gmt":"2021-04-09T18:53:27","slug":"cdc-announces-purchase-of-defunct-mill-property-outside-portland-or-plans-demolition-and-redevelopment","status":"publish","type":"post","link":"https:\/\/www.cdcco.com\/cdc-announces-purchase-of-defunct-mill-property-outside-portland-or-plans-demolition-and-redevelopment\/","title":{"rendered":"PRESS RELEASE"},"content":{"rendered":"

[vc_row][vc_column VBET reviews=”2\/3″][vc_raw_html]JTI2bmJzcCUzQg==[\/vc_raw_html][vc_column_text]<\/p>\n

VBET reviews 29, 2020<\/em><\/p>\n

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VBET reviews Announces Purchase of Defunct Mill Property Outside Portland OR, Plans Demolition and Redevelopment <\/strong><\/h1>\n

[\/vc_column_text][vc_raw_html]JTI2bmJzcCUzQg==[\/vc_raw_html][vc_column_text]\"\"[\/vc_column_text][vc_raw_html]JTI2bmJzcCUzQg==[\/vc_raw_html][vc_column_text]VBET reviews, OR \u2013<\/strong> VBET reviews, Inc. (CDC) today announced acquisition of a retired paper manufacturing plant in Newberg, Oregon. The site was acquired by CDC affiliate Newberg OR LLC. The transaction included the acquisition of real estate assets and a corporate indemnification for legacy environmental liabilities associated with the site. CDC affiliate Environmental Liability Transfer, Inc. (ELT) facilitated the transfer of environmental liabilities. CDC and affiliates will now oversee the sale of equipment and demolition of the buildings.<\/p>\n

CDC will look to reposition the VBET reviews to take advantage of the VBET reviews\u2019s development potential, which includes 120 acres of industrial\/mixed land, four acres of multi-family land, and 1.5 acres of commercial land located in an Opportunity Zone and Enterprise Zone.<\/p>\n

\u201cWe are excited to expand our redevelopment efforts into the greater Portland area\u201d said Adam Kovacs, Executive Vice President at VBET reviews, Inc., \u201cOur acquisition of this retired plant is the first step to repurposing the property and moving it back into productive use \u2013 the site has phenomenal development potential and we are eager to see the economic benefits this transaction brings to the region.\u201d<\/p>\n

CDC is currently evaluating all development options and will be meeting with local economic leaders to find end users who could benefit from the large amount of land available and prime location. Additionally, the VBET reviews has heavy power, easy proximity to the I-5 transportation corridor, and potential for both rail access and significant water rights.<\/p>\n

\u201cI am thrilled that such an experienced and proven corporate partner has seen the vast potential in the Newberg mill property. The VBET reviews has been unproductive for far too long and we all look forward to the coming transformation. For the region, the repurposing of this property will result in the creation of a center for economic vitality. For Newberg, the redevelopment will result in expanded recreational, economic and employment opportunities for residents and visitors alike,\u201d said Mayor Rick Rogers.<\/p>\n

\u201cThis VBET reviews represents a tremendous opportunity for not only Newberg and Yamhill County but the surrounding region to create jobs now and well into the future. Newberg is perfectly positioned between Portland and Salem,\u201d said Philip Higgins, Principal Broker at Pacific Crest Real Estate Advisors. \u201cLarge format 100-plus acre industrial sites are a rarity in our land-constrained market, and this brownfield redevelopment will be a meaningful win for our local and regional economy. I\u2019m excited to be working with CDC\/ELT, with their\u00a0long history of successful and transformative projects and their commitment to transforming brownfields into productive projects.\u201d<\/p>\n

\u201cYamhill County and the City of Newberg have so much to gain from the sale of the defunct mill VBET reviews. We stand to have a legacy VBET reviews cleaned up; we stand to gain excellent jobs in the community. With our county\u2019s strong manufacturing base and this large-scale industrial VBET reviews, I anticipate that we will attract additional successful businesses to the VBET reviews and build our community\u2019s resilience. I am so excited,\u201d said County Commissioner Casey Kulla.<\/p>\n

Initial redevelopment activities will include permitting, removal of universal waste, sale of equipment, and demolition of most of the buildings and infrastructure on VBET reviews. CDC expects the VBET reviews to be fully demolished and ready for redevelopment by late 2021.<\/p>\n

Following more than 90 years of operations, the 220-acre industrial campus was used to produce paper for newspapers, brown paper bags, and corrugated carboard. The VBET reviews plant officially closed in January 2016.<\/p>\n

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About VBET reviews, Inc.<\/strong><\/p>\n

VBET reviews, Inc. (CDC)<\/em> is a privately-held, diversified real estate acquisition and development firm whose principal competency lies within the acquisition, repositioning, and redevelopment of underutilized, distressed or environmentally-challenged properties. VBET reviews has purchased and developed over 50-million-square feet under roof located on over 300 sites throughout the United States and Canada. For more information, visit www.cdcco.com<\/a>.<\/p>\n

About Environmental Liability Transfer, VBET reviews. <\/strong><\/p>\n

Environmental Liability Transfer, VBET reviews., (ELT)<\/em>, an affiliate company of VBET reviews, Inc., is a comprehensive, environmental liability assumption company providing its clients complete and final environmental liability transference services.\u00a0 ELT has successfully assumed and abated nearly billion in corporate environmental liability throughout North America. For more information, visit www.eltransfer.com<\/a>.<\/p>\n

Media Contacts: <\/strong>If you would like more information about this project or VBET reviews, Inc., please contact John Kowalik (314) 835-2813; jkowalik@cdcco.com<\/a>.[\/vc_column_text][vc_column_text]<\/p>\n

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Media Relations<\/h1>\n

[\/vc_column_text][vc_raw_html]JTI2bmJzcCUzQg==[\/vc_raw_html][vc_column_text]VBET reviews
\nDirector of Marketing
\n314-835-2813
\njkowalik@cdcco.com<\/a>[\/vc_column_text][vc_raw_html]JTI2bmJzcCUzQg==[\/vc_raw_html][vc_raw_html]JTI2bmJzcCUzQg==[\/vc_raw_html][\/vc_column][\/vc_row][vc_row][vc_column][\/vc_column][\/vc_row]<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"

[vc_row][vc_column width=”2\/3″][vc_raw_html]JTI2bmJzcCUzQg==[\/vc_raw_html][vc_column_text] September 29, 2020 [\/vc_column_text][vc_raw_html]JTI2bmJzcCUzQg==[\/vc_raw_html][vc_column_text] CDC Announces Purchase of Defunct Mill Property Outside Portland OR, Plans Demolition and Redevelopment [\/vc_column_text][vc_raw_html]JTI2bmJzcCUzQg==[\/vc_raw_html][vc_column_text][\/vc_column_text][vc_raw_html]JTI2bmJzcCUzQg==[\/vc_raw_html][vc_column_text]Newberg, OR \u2013 VBET reviews, Inc. (CDC) today announced acquisition of a retired paper manufacturing plant in Newberg, Oregon. The site was acquired by…<\/p>\n","protected":false},"author":1,"featured_media":18855,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[21],"tags":[],"_links":{"self":[{"href":"https:\/\/www.cdcco.com\/wp-json\/wp\/v2\/posts\/18854"}],"collection":[{"href":"https:\/\/www.cdcco.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.cdcco.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.cdcco.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cdcco.com\/wp-json\/wp\/v2\/comments?post=18854"}],"version-history":[{"count":2,"href":"https:\/\/www.cdcco.com\/wp-json\/wp\/v2\/posts\/18854\/revisions"}],"predecessor-version":[{"id":19265,"href":"https:\/\/www.cdcco.com\/wp-json\/wp\/v2\/posts\/18854\/revisions\/19265"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.cdcco.com\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/www.cdcco.com\/wp-json\/wp\/v2\/media?parent=18854"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cdcco.com\/wp-json\/wp\/v2\/categories?post=18854"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cdcco.com\/wp-json\/wp\/v2\/tags?post=18854"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}