Business

Terrace, B.C. area industrial site back on the market

ONE of the largest fully-serviced industrial locations in the area is back on the market.

NSD Development Corp. has listed 40 acres of what was the former Skeena Cellulose/Terrace Lumber Company site which stretches along the 4900 Block of Keith from the old Shell bulk plant location west to Kenney.

The ReMax listing places the cost of the property at $5.5 million.

Garry Roth of NSD said it is prepared to sell the property as a whole or in whatever size may be wanted by a customer.

There is one tenant on the property – concrete and aggregate company Lafarge is leasing approximately two acres.

“If we were going to sell portions we would have to subdivide and we would be prepared to do that,” said Roth.

He said the company will also entertain lease offers and that should it sell all or portions of the 40 acres, those tenants would go with the sale.

NSD has hired local contractor Billabong to continue taking out footings and other foundation remnants from the main sawmill building and outbuildings.

The property had been for sale before and was taken off the market but the area’s improving economic situation has NSD banking on renewed interest.

The property does not have an environmental clean bill of health relating to its past industrial use but Roth said NSD has hired Golder and Associates to continue assessment work.

Whether purchasers would want the site to have a clean bill of health depends on what they would want to do at the location, he said.

“Some people may not want the [environmental] work to be completed,” said Roth. “They might want it in the state it is now for tax reasons. Other people may want the environmental work to continue.”

A provincial grant from a program aimed at dealing with former industrial sites paid for initial assessment work.

NSD Development Corp. purchased the site from the City of Terrace after it acquired the acreage from the former Terrace Lumber Company, the last owner of the sawmill before it was dismantled, when it failed to pay taxes.

The city also ended up with approximately 20 acres which served as a log storage yard for the sawmill operation. It was on the market for $2.1 million but the city has since leased it to a Chinese log export firm.

 

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