WestRock manufacturing facility groundbreaking. Picture courtesy of Clayco
JB2 Companions has began development on a 410,000-square-foot, build-to-suit industrial facility for the corrugated packaging firm WestRock in Longview, Wash. The proprietor, an funding fund managed by ElmTree Funds, tapped JB2 to function the undertaking’s developer. Clayco is the overall contractor, whereas Langan will present civil engineering providers. Completion is anticipated this fall.
Designed by Lamar Johnson Collaborative, the corrugated field plant could have a clearance top of 44 ft. The ability is taking form on a 23.5-acre website close to WestRock’s present paper mill on Fibre Manner and can substitute, when full, the corporate’s current corrugated packaging operations in Longview.
For WestRock, this plant would deal with the rising demand from its regional prospects within the Pacific Northwest area. The situation is near the Portland-Washington border and close to Interstate 5, connecting to Seattle, Tacoma, Wash., and Vancouver, Wash.
Specializing in industrial and workplace
The WestRock-leased property is in keeping with ElmTree Funds’ technique of investing in net-lease and build-to-suit belongings within the industrial sector. The agency focuses totally on industrial and workplace properties in major and secondary U.S. markets which are leased to investment-grade tenants for at least 10 years.
In January 2021, ElmTree partnered with Guggenheim Investments to amass industrial e-commerce properties throughout the U.S. A 12 months prior, the agency bought an 18-property portfolio of commercial and workplace belongings to Guggenheim Investments spanning a number of states for $900 million.
