February 18, 2021

CDC Announces Announces Purchase of Retired Coos Bay Lumber Mill, Plans Liquidation, Demolition, and Redevelopment

Built in 1994, the Coos Bay lumber mill operated for 25 years and produced dimensional lumber sold and distributed globally. At its peak, the large lumber mill generated up to 1,000,000 board feet per day.

Coos Bay, OR – Commercial Development Company, Inc. (CDC) is pleased to announce the acquisition of a 162-acre retired lumber mill property in Coos Bay, Oregon. The site was acquired by CDC affiliate Coos Bay LLC and purchased from Georgia-Pacific West, LLC. The transaction includes the acquisition of real estate, machinery & equipment, and assumption of environmental liabilities. CDC affiliate Environmental Liability Transfer, Inc. facilitated the transfer of environmental liabilities.

CDC will now perform demolition, liquidate surplus equipment, remediate environmental issues, and prepare the site for redevelopment.

“We are excited to continue our acquisition efforts in the Pacific Northwest” said Adam Kovacs, Vice President at CDC. “Our acquisition of the Coos Bay lumber mill is the first step to repurposing the property and moving it back into productive use – the site has outstanding port development attributes and we are looking forward to the environmental and economic benefits that this transaction brings to the region.”

The property includes two (2) private rail spurs connecting to Union Pacific rail lines, heavy power, and easy access to US Route 101.
Additionally, the property has outstanding potential for international shipping operations and development with access to Pacific Ocean shipping channels via two onsite docks – a 1,200-ft deepwater dock and a 200-ft concrete dock. The property is also located in a Foreign Trade and Enterprise Zone.

Regional economic development organization South Coast Development Council, Inc. (SCDCinc) assisted CDC during their acquisition process by connecting them to local resources, utility providers, officials, and potential end users.

“It has been a pleasure working with CDC and ELT during the acquisition process and we anticipate a large volume of projects will be attracted to this site and its assets,” said Shaun Gibbs, SCDCinc’s Executive Director. “The Coos Bay market is positioned for growth, and there are not many places left on the west coast that offer large-acre development opportunities with rail served deep-water seaport access like the Southern Oregon Coast.”

Liquidation of Machinery & Equipment
CDC affiliate Industrial Asset Recovery Group (IARG) will be managing the liquidation of machinery & equipment from the retired lumber mill. Interested parties can contact Stuart Millner at 314-835-2812 or smillner@industrial-recovery.com.

About the Coos Bay Lumber Mill
Built in 1994, the Coos Bay lumber mill operated for 25 years and produced dimensional lumber sold and distributed globally. At its peak, the large lumber mill generated up to 500,000 board feet per day. The property is bounded by GMA Garnet to the west, the Coos Bay upper channel on the northern boundary, and Isthmus Slough along the eastern boundary. The lumber mill officially retired in April 2019.

The property address is 63779 Mullen Street in Coos Bay, Oregon. View the property on Google Earth »

About Commercial Development Company, Inc.
Commercial Development Company, Inc. (CDC) 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. CDC 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.

About Environmental Liability Transfer, Inc.
Environmental Liability Transfer, Inc., (ELT), an affiliate company of Commercial Development Company, Inc., is a comprehensive, environmental liability assumption company providing its clients complete and final environmental liability transference services. ELT has successfully assumed and abated over $1.5 billion in corporate environmental liability throughout North America. For more information, visit www.eltransfer.com.

About Industrial Asset Recovery Group LLC
Industrial Asset Recovery Group LLC is a corporate affiliate of Commercial Development Company, Inc. IARG was created to manage the liquidation process of surplus equipment, machinery, and other industrial assets generated by CDC’s many ongoing brownfield redevelopment projects. To learn more about IARG, please visit: www.industrial-recovery.com.
About South Coast Development Council, Inc.

South Coast Development Council, Inc. (SCDCinc) is a 501c3 nonprofit regional economic development organization with a mission to promote and support businesses that provide quality jobs through responsible development on Oregon’s South Coast. SCDCinc functions as a regional first-stop for economic development resources and opportunities. For more information about SCDCinc and to find out how you can expand your business to the Southern Oregon Coast, visit https://www.scdcinc.org/

Media Contacts:
If you would like more information about this project or CDC, ELT, or IARG, please contact John Kowalik (314) 835-2813; jkowalik@cdcco.com.