Blaine City Council unanimously authorized city manager Mike Harmon to write a letter of intent for the potential sale of the city’s 2.65-acre property at 1721 Fern Street in Blaine to Eugen and Edith Klein of North Vancouver, B.C.
The property abuts the Klein’s 45-acre Blaine industrial park property, which is actively listed for $9.8 million. The property, made up of four ready-to-build lots between I-5 and SR-543, is advertised as the largest manufacturing/industrial property parcel within city limits.
The Blaine industrial park real estate listing says the area has flexible zoning and could potentially be used for a 300,000-square-foot distribution center, data center, warehouse, campus facility and a 100,000-square-foot technology or research office complex.
The city of Blaine will enter an exclusive negotiation period with the Kleins that will take no longer than six months.
Eugen Klein is the founder and principal of Royal Le Page Westside Klein Group, a real estate brokerage in Vancouver, according to its website.
Council voted 6-0, with councilmember Eric Davidson absent.
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