4,000-acre Disposition

Allen & Company, LLC was retained in 2001 to liquidate approximately 4,000 acres of land located in Thurston and Jefferson Counties in Washington which had been dormant for years. This was a unique assignment in that the owners gave Allen complete authority to review each of the properties, ascertain whether or not to seek further entitlements, develop and implement entitlement strategies, develop and implement marketing plans, create pricing strategy, negotiate price and terms, execute purchase and sale agreements and ultimately manage the closing of each sales transaction. The significant parcels consisted of approximately 1,300 acres in Thursday County (Maytown Aggregates) and Dan Dar Ranch, which was comprised of approximately 1,600 acres.

Allen's success included, among others, the permitting of Maytown Aggregates which consisted of a 20.6 million cubic yard sand and gravel quarry, a clean-fill depository for 2.5 million cubic yards of material, and a 100,000 ton per year concrete and asphalt recycling center.

These permits received unusual support from the environmental community as well as the support of the Washington Department of Fish and Wildlife, since it resulted in the protection of significant habitat.

The Maytown Aggregates site was sold to the Port of Tacoma in 2006 and the 1,600 acre Dan Dar Ranch was sold to one of North America's largest Alpaca ranchers, within 12 months of Allen being engaged.

In 2001, the appraised value of all of the properties was $2.88 million. Allen & Company, through its value enhancement efforts, ultimately disposed of the properties for a total of $29.4 million. The last sale closed in July of 2006.

Uplands Snoqualmie Valley

Uplands Snoqualmie Valley, 30 miles east of Seattle, Washington, is a 91 home-site, 500 acre high-end rural community in the foothills of the Cascade Mountains. The property has outstanding views of the upper Snoqualmie Valley, cascading waterfalls off of Rattlesnake Ridge, and the rugged peaks of the Cascade Mountains.

Allen was hired by WAMCO, a Weyerhaeuser Real Estate Company subsidiary, as the fee developer of the property. Allen's role was to oversee all facets of the development of the property from the initial conception of the master plan to the final disposition of the home sites. This project was a pioneering effort in its market place due to its location, scale, and high price point. Today the property contains extraordinary 2.5 to 20-acre private estates, with houses ranging in size from 3,500 to 14,000 square feet.

Uplands Snoqualmie Valley not only found terrific market acceptance but set new standards for both quality and pricing for large-lot communities in Western Washington.