Once planned for Wal-Mart expansion, 16.3-acre site sells to Ryan Holdings

Wal-Mart Stores Inc. has sold the 16.3 acres on the west side of Hood River where it once hoped to build a Walmart Super Center store covering 186,000 square feet.

So, who bought it? Ryan Holdings LLC, owned by the same David Ryan who runs Hood River Juice.

In an Aug. 19 filing of a special warranty deed at the Hood River County Assessor’s Office, the Bentonville, Ark., mega-retailer said it had transferred the land to Ryan Holdings LLC.

The land sits south of Country Club Road and east of Frankton Road. It was the center of a protracted land-use dispute from 2001 to 2004, led by the Citizens for Responsible Growth.

The Hood River County Board of Commissioners in January 2004 voted 3-2 to reject the expansion plans as incompatible with surrounding properties.

Wal-Mart appealed that ruling, and was rejected twice — by the state Land Use Board of Appeals, and the Oregon Court of Appeals.

Incorporated in January 2014, Ryan Holdings LLC is owned by David Ryan, who also owns Hood River Juice Co. (dba Ryan’s Juice). Both entities share the 550 Riverside Drive address, at the Port of Hood River.

A call to Ryan Holdings for comment about intended plans had not been returned as of this report.

As a condition of the sale — for $10 “and other consideration” — Wal-Mart stores stipulated that the land could not be used for “a discount store including, but not limited to, a variety, general or “dollar” type store, wholesale membership/warehouse club, grocery store/supermarket, pharmacy/drug store.”

It also cannot be used for an adult book store or similar adult entertainment business, a topless dance club, pawn shop, bar or gaming center, any business that gets most of its sales from alcoholic beverages, check-cashing or payday loan shops, and any business having anything to do with the production or sale of medical or recreational marijuana.

A representative with a local title company, on condition of anonymity, said that the law requires only that deed filings indicate an exchange of value. Nothing requires reporting of the exact sale price.

(Thanks to local commercial real estate agent Greg Colt for tipping us off to the sale.)

 

Changes, Miscellaneous, Northwest News Partnership, Property deals

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