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In King County, a $400M property sale in the middle of nowhere

By Marc Stiles
Puget Sound Business Journal
John Hancock Life Insurance Co. has sold numerous parcels of forestland to a Portland company, Campbell Global, for $399.7 million, according to deeds that King County recorded Wednesday.

 

It's not just office and apartment high-rises that are going for big bucks in the Puget Sound region.

John Hancock Life Insurance Co. has sold numerous parcels of forestland to a Portland company, Campbell Global, for $399.7 million, according to deeds that King County recorded Wednesday.

A person who answered the phone at Campbell Global's office late Wednesday said officials were not available. According to its website, the company is "a leader in sustainable timberland and natural resource investment management" and manages more than 3.1 million acres worldwide.

Campbell Global's new holdings are east of Fall City and near the city of Seattle's Tolt River reservoir.

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