Redhook Brewery to sell Woodinville site for $25M

Seattle Daily Journal of Commerce

Posted In — News & Press | In the News

The owner of Redhook Brewery, at 14300 N.E. 145th St. in Woodinville, said in May that it would sell the 22.8-acre property.

Now the publicly traded Craft Brew Alliance of Portland has announced a $24.5 million deal with Sound Commercial Investment Holdings, LLC. The deal is expected to close by the end of the year.

Andy Miller, Todd Gauthier and Jason Bloom of Kidder Mathews represented the seller. Buyer representation could not be confirmed.

Redhook was founded in 1981 by Paul Shipman and Gordon Bowker. Redhook acquired the Woodinville property in 1993 for $3.2 million, and developed two buildings there. Redhook became a publicly traded company in 1995.

Portland’s Widmer Brothers Brewing merged with Redhook in 2008. The combined company later changed its name to CBA.

KM says the property has “two state-of-the-art buildings totaling 129,203 square feet, currently improved as a fully operational craft brewery including production, distribution, cold storage, and bottling capabilities, as well as a full service brew pub restaurant, and related administrative office. Total annual brewing capacity is 220,000 barrels including a 450-per-minute bottling line and 30-barrel-per-hour keg line.”

The property has also been used as outdoor movie facility during the summer months. It has 270 surface parking stalls.

KM says the property is adjacent to the Chateau Ste. Michelle Winery, Columbia Winery and Willows Lodge, and near more than 160 boutique wineries, craft breweries, and distilleries.

Sound Commercial Investment Holdings could not be traced by press time. The city of Woodinville has no new plans on file for the property.

For the full story, go to Seattle Daily Journal of Commerce.

©Copyright 2017 Seattle Daily Journal of Commerce

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