Site of former Tacoma sawmill sold for $32.4 million

Associated Press

TACOMA — The site of Tacoma’s former Simpson Tideflats sawmill has sold.

The News Tribune reported the Industrial Property Trust of Denver has purchased the 58-acre site from Interfor of Vancouver, British Columbia.

Pierce County property records show the company paid $32.4 million for the parcel.

IPT plans to turn the site into its IPT Logistics Center, with redevelopment of the site for two industrial buildings. Redevelopment is set to be completed in the first quarter of 2018.

The lumber mill was one of four Simpson properties Interfor Corp. bought for $94.7 million in March 2015.

The company shut down the mill May 22, 2015, after experiencing difficulties in making the relatively modern mill profitable, and put the site on the market in July 2015.

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