Following a short executive session, Port of Centralia commissioners voted unanimously Wednesday to execute a sale agreement with Texas-based Furgerson Schmidt for 7 acres of property off North Park Drive.
Port of Centralia Executive Director Kyle Heaton said the port was selling the property at a rate of $5.25 per square foot, which would translate into a price tag of more than $1.6 million.
Founded in 1949, Furgerson Schmidt is a member of the GVH family of companies based in Lubbock, Texas.
According to a news release from the port, the company plans on constructing a 100,000-square-foot facility on the property.
“We are pleased that the port was able to provide a site that could meet GVH’s needs and bring these much-needed jobs and tax base to our community. This project will create an excellent addition to Park 1, and we look forward to a long relationship with GVH,” Port Commissioner Kyle Markstrom said in a statement.
According to the news release, Furgerson Schmidt’s parent company is a premier supplier of supermarket and food service packaging with locations throughout the country.
The company offers packaging supplies to all aspects of the food industry with innovative, specialty and sustainable packaging solutions.
According to the Lewis County Auditor’s Office, the port-owned property located at 3704 Ives Road totals 9.2 acres in size and is valued at roughly $1.2 million. The port originally obtained the property in 2006 for roughly $551,400.
