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Chinook Forest Partners, Seattle, Wa., finalized the purchase of 50,747 acres of timberland in northwest Washington from Hampton Lumber, Portland, Or., and Family Forests.
Hampton Lumber manages timberland in Washington to help supply its sawmills in the communities of Morton, Randle, and Darrington. The acreage purchased by Chinook Forest Partners was part of Hampton’s 145,000-acre timberland acquisition from Weyerhaeuser earlier this year. Included in this transaction are 35,867 acres in Chelan and Kittitas counties and 14,880 acres in Snohomish and King County.
“The acquisition of these lands from Hampton Lumber represents an important strategic expansion of Chinook’s management footprint,” said managing partner Scott Marshall. “We are excited to apply Chinook’s forward-looking approach, while working with Hampton and the community to bolster a legacy of sustainably-managed working forests in the region.”
Hampton Lumber CEO Steve Zika added, “Under Chinook Forest Partners’ ownership, these lands will continue to be an important source of logs for our sawmill in Darrington, while the proceeds from this sale will allow us to invest in additional timberland nearer to our mills.”