Pope Resources Closes $7.63 Million Sale to Costco
20 Settembre 2006 - 3:00PM
Business Wire
Pope Resources (Nasdaq:POPEZ) announced it has closed on a $7.63
million sale of 17 acres to Costco Wholesale Corporation. This
property sold by Pope Resources represents a portion of the
proposed 35-acre retail component of the company's 327-acre Harbor
Hill master planned community located within the city limits of Gig
Harbor, Washington. "Costco has ranked among the most desired
stores by Gig Harbor area residents in a number of past polls,"
said Jon Rose, President of Pope Resources' real estate subsidiary,
Olympic Property Group. "We are pleased to bring such a quality
retailer to our project and our community." About Pope Resources
Pope Resources, a publicly traded limited partnership and its
subsidiaries Olympic Resource Management and Olympic Property Group
own or manage over 400,000 acres of timberland and development
property in Washington and Oregon. In addition, we provide forestry
consulting and timberland management services to third-party owners
and managers of timberland in Washington, Oregon and California.
The company and its predecessor companies have owned and managed
timberlands and development properties for more than 150 years.
Additional information on the company can be found at www.orm.com.
The contents of our website are not incorporated into this release
or into our filings with the Securities Exchange Commission.
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