Wednesday, June 19, 2013
Covering Dallas, Monmouth, Independence, Falls City and surrounding areas since 1868
Rich Halsten of Machinery Sales Co. of Portland inspects the site of the former Weyerhaeuser mill in Dallas Monday in advance of Tuesday's absolute auction.
August 28, 2012
DALLAS -- Two-and-one-half minutes. That's all it took to seal the former Weyerhaeuser mill's fate.
The 66-acre mill site was sold for $1.2 million to Brian Smith of Tigard-based Northwest Demolition & Dismantling at Tuesday's much-anticipated auction for Weyerhaeuser's property in Dallas.
Smith's company will be liquidating the mill.
He said the company buys properties for the purpose of salvaging and resale.
"We buy distressed sites and find ways to recycle them," he said following the auction.
Smith said he will assess the property over the next few weeks, but said some of the building will likely be torn down.
"It's unfortunate, but that's our business," he said. "We will salvage everything we can. If the buildings are suitable, we will try to put them on the market for reuse. That would be our intent. I think a number of the buildings could be used as a small industrial park."
As far as hopes for a mill to be reopened on the site, there's slim possibility of that.
"There's a number of parties that have expressed interest in the mill equipment," Smith said. "It will more than likely be dismantled and go to other sites, either here or out of the country. It may very well be exported."
The bidding on the mill started at $500,000, but quickly rose to $1 million and eventually to the $1.2 million bid price. Smith will pay a 10 percent "buyer's premium" on top of the bid price.
Glennda Howard purchased the parcel containing Van Well Building Supply and the city of Dallas' Fire Department training facility for $160,000.
Howard said she plans to continue leasing the properties to Van Well and the city.
Howard, who owns a number of properties in Dallas and Falls City, was originally interested in buying the log yard lots, but decided to jump in the bidding on the Van Well parcel.
"I didn't know it was going to sell for that price," she said.
All eight parcels up for auction Tuesday sold for a total of $2.1 million, including buyers' premiums.
Rick Little, Weyerhaeuser's director of real estate who was at the auction, said he couldn't comment on the sale. He said Weyerhaeuser may release a list of all the buyers soon.
Jason Locke, the city of Dallas' community development director, said the city will look forward to new possibilities for the mill site.
"We've got a new owner, so hopefully we will see some activity," Locke said. "New owner, new opportunities."
Weyerhaeuser closed the mill in March 2009. A mill has occupied the site since 1906.