Thank you for sharing!

Your article was successfully shared with the contacts you provided.

TUMWATER, WA-Miller Brewing is expected to make an announcement with regard to its 72-acre brewery property here scheduled to shut down at the end of the month. Local sources tell GlobeSt.com that Friday was the final day of a 60-day period wherein Miller said it would try to sell the brewery on its own or list the property with a national brokerage firm. “There are some offers on the table,” said the source on Friday.

In March, the head of Miller’s Milwaukee-based disposition team Bob Hope told GlobeSt.com there are “a number of people interested in buying the whole thing” and his team is “in discussions with a few” of them. Hope was away on vacation this week and could not be reached for comment.

“Depending on how that goes, we will decide what kind of strategy we need to put together going forward,” Hope said in March. If the property can’t be sold as a single piece, which is Miller’s preference, Hope said that he had already had “probably 100 phone calls from people interested in different parts of it.”

The brewery opened in 1896 to produce Olympia beer. Pabst bought the facility in 1983 and Miller bought it in 1999. The multi-building facility is bordered by the Deschutes River, Capitol Lake and a golf course. As for redevelopment of the property, much of the 72 acres has always been undeveloped and will likely have to remain that way because the Deschutes River is a Salmon stream and there will be increased buffers to deal with, say local officials.

Also expected to draw interest are the well water rights associated with the brewery. According to state Department of Ecology records, the brewery controls access to no less than 6.56 million gallons per day or 7,344 acre-feet, making it one of the largest water rights holders in South Puget Sound region.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.