By MICHAEL WHITNEY
Published May 9, 2012
Kimberly-Clark Mill site on the market now
EVERETT - It is 66 acres of prime waterfront property, but will anyone snap it up soon?
The Kimberly-Clark mill site is now on the real estate market. It is listed at no specific price.
Kimberly-Clark spokesman Bob Brand could not comment late last month on any interested buyers in the site, but “there have been several who have expressed some level of interest,” Brand said.
The site sits within the Central Waterfront Planning Area, a 93-acre area where the city wants to help mold future redevelopment. The city cannot dictate what Kimberly-Clark does with its site, but can modify the zoning to restrict what goes on it. Right now, the zoning allows basically almost all uses except housing.
The site has contaminants that will require cleanup from years of industrial use there. Kimberly-Clark has committed to cleaning up the site enough for future industrial use but the city wants it cleaned up to “unrestricted use” standards that would allow housing.
Kimberly-Clark’s real estate brokers Kidder Matthews and Binswanger plan to “call for offers likely within the next three to four weeks, allowing for tours of the property and other procedures,” according to a Kidder Matthews press release from Monday, April 30.
Kimberly-Clark still plans to demolish the buildings on the site this summer, Brand said. The mill closed April 15.
The property includes 55.5 upland acres and 10 acres of submerged land area and more than 2,500 linear feet of deep-water industrial shoreline area, the brokerage wrote.
Kidder Matthews expects the site “to appeal to a wide variety of businesses and industries on a national/international basis, including marine industrial companies who will benefit from the deep-water-port component of the property,” it wrote.