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CANBY, OR-City officials and property owners here are betting that a new industrial park will attract businesses to the area from elsewhere in the region. The 255-acre Canby Pioneer Industrial Park officially opened for business a few weeks ago, offering “shovel-ready” industrial sites for sale to out-of-state businesses seeking a new or additional location and in-state businesses looking to expand.

The new park represents one of Clackamas County’s largest pools of developable industrial land. Served by Union Pacific Railroad, it is located in northeast Canby on the east side of Oregon Highway 99E, adjacent to a new Fred Meyer. Ten miles north on 99E is Interstate 205. Five miles east on Barlow Road is Interstate 5.

The park, now mostly nursery stock and farmland, is owned by 22 different local landowners. In March, local residents voted to annex 151 acres into the park and formed an ownership association. The city has since supported the effort by borrowing $2 million from the state Economic & Community Development Department for additional infrastructure, including the extension of that main service road Sequoia Parkway another half mile into the park in order to create several “shovel-ready” sites.

The ownership association has hired the Portland-area commercial real estate services firms Ossey Patterson and T.N. Tolls Co. to market the property. Allen Patterson tells GlobeSt.com that about 90% of the land is priced at $3.50 per sf. Lots with commercial potential – the ones abutting Fred Meyer, are priced at $10 per sf, he says. The size of the available lots range from one to 60 acres. Patterson says some of the benefits of the area include low operational costs thanks to the city owning its own utilities, and the fact that the city is ready and willing to provide a swift design review and permitting process.

Patterson admits there won’t be any developers buying up lots and building speculative buildings in the park, but said he wouldn’t be surprise to see a developer come to town with a tenant in his back pocket, looking to buy a lot and then turn around and work out a build-to-suit deal with his client. Interest in the park also may increase exponentially if the park ends up on the state’s list of shovel-ready industrial sites that it will use to help attract new jobs to the state.

Until then, activity will be dependent upon the overall economy. “We’ve already attracted some interest,” says Patterson. “And certainly if the market turns we’ll find pretty substantial activity.”

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