By Meghan Hall
While much of the Puget Sound’s property transactions revolve around construction and development, there are a few deals in which a buyer is looking to take advantage of the land itself. In a recent transaction, Janicki Logging purchased a tract of land in King County for $44 million. Public records indicate that the deal closed on December 30th, and that the seller was an entity affiliated with Campbell Global, which specializes in forest and natural resource investments.
No address was listed for the property, but King County Assessor’s records indicate the acreage is located near the border of King and Snoqualmie counties, near the North Fork Tolt River. The property totals about 160 acres.
Janicki Logging Company was started more than 60 years ago by Skagit Valley logger Stan Janicki. Since the organization’s time in business, JLC has managed more than 50,000 acres of forestry farms and standing timber. JLC also specializes in logging and land development, including bridge building, clearing and grading, and more.
Campbell Global, the seller, is based in Portland, Oreg., and has been in business for more than 35 years. The company has managed more than 2.1 million hectares worldwide for pension funds, foundations and other institutional investors. In the United States, the majority of its portfolio is located in the South and Pacific Northwest. As of December 31, 2020, Campbell Global had $5.3 billion in assets and managed 0.7 million hectares across the U.S. Australia, New Zealand and Chile.