Bob Mcchesney, director of properties and development for thePort of Everett, wouldn't comment further on the warehouse company,which is expected to be the anchor tenant of the park if anagreement is reached. But he did note that the warehouse company isone of several tenants that have expressed interest in theindustrial park.

The Riverside Industrial Park, located on East Marine View Dr,adjacent to SR 529, has been in the planning and development stagessince the Port purchased the site from Weyerhaeuser Co. for $11.7million in March 1998. Mcchesney says the Port's plan for the landis to build all of the necessary infrastructure needed and thenoffer long-term ground leases to tenants, who would be responsiblefor constructing their own buildings. He says it is too soon todiscuss what lease rates the Port will charge for the property.

Under the Port's master plan for the park, 1.3 million sf ofland has been aside for building space. Though the infrastructurefor the park isn't expected to be completed until April 2001,Mcchesney says construction could begin sooner in some parts of theindustrial park.

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