New details have emerged regarding a proposed cold storage/processing facility on about 30 acres of Port of Tacoma property.
On Nov. 18, members of the Port of Tacoma Commission heard a presentation and first reading of a proposed lease agreement between New Jersey-based private equity investor Saxum Investment and the port.
Under the proposed terms, which are still under negotiation, the commission would authorize the port’s executive director to enter into a 50-year ground lease with Saxum or affiliated entity for the property — approximately 30.47 acres of land at 1221-1225 E. Alexander Ave. in Tacoma…