Thank you for sharing!

Your article was successfully shared with the contacts you provided.

TUMWATER, WA-Miller Brewing continues to juggle multiple would-be buyers for its 72-acre brewery here, company sources tell GlobeSt.com.

A company spokesman this week told GlobeSt.com there are ongoing negotiations with “several” buyers that have made offers and that the brewery would be sold to “whoever ends up with the best bid,” however; the spokesman could not provide a timeline for the disposition, the process for which began several months ago.

The brewery opened in 1896 to produce Olympia beer. Pabst bought the facility in 1983 and Miller bought it in 1999. Miller Brewing appointed a disposition team to unload the property in March of this year and permanently closed the facility earlier this month.

The multi-building facility is bordered by the Deschutes River, Capitol Lake and a golf course. Much of the 72 acres has always remained 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
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper

GlobeSt. NET LEASE Spring 2021Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information


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 © 2021 ALM Media Properties, LLC. All Rights Reserved.