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Key Technology buys WW building from Port

    After leasing for nearly 20 years, Key Technology, Inc., has purchased its Avery Street Industrial Park building from the Port of Walla Walla.
    Officials said the purchase price is approximately $6.5 million.
    Port Commission President Dr. Fred Bennett said, “Key’s purchase of its headquarters and manufacturing complex will help solidify its presence in the Walla Walla Valley.”
    The Port constructed a 150,000 square foot Avery Street building for Key in 1989. The firm had 23 full-time employees at the Walla Walla site.
    In 2005, the Port expanded the facility to 172,000 square feet on the 20-acre campus. And Key is now the 9th largest employer in the Valley with a staff of 467.
Dr. David Camp, president and CEO of Key Tech, said, “The Port and Washington State have played an instrumental role in helping us expand by making sure we had a cost effective facility to grow our business. However, after leasing the facilities for nearly 20 years, we’ve decided it is more cost effective to own.”
    Bennett said the Port will use approximately two thirds of the sale proceeds

Key Technology
Photo by Donna Lasater

“After leasing the facilities for nearly
20 years, we’ve decided it is more
cost effective to own.”

Dr. David Camp - President & CEO, Key Technology, Inc.

to retire debts, including those related to the Key Technology plant.
    Port Commission Vice President Mike Fredrickson adds, “While this property sale represents an important milestone, we remain very
interested in working with Key to expand its operations in Walla Walla when future opportunities present themselves. We are fortunate to have a company like Key Technology headquartered in Walla Walla.”
Port completes airport winery incubator complex, all five units leased by startups
Photo by Donna Lasater
    Two new “winery incubator buildings” have been added to the three completed in 2006, to finish the Port of Walla Walla complex built to offer startup winemakers an improved chance for business success.
    The buildings are leased for six years at affordable, but accelerating rates to give first-time vintners a head-start on establishing their stand alone operation without having to worry about physical plant challenges.
    Like the original three, the newest of the five were funded with a combination of Washington State grant money and funds from the Walla Walla Regional
Airport budget. The total $755,000 investment included $492,500 from the state and $262,500 in airport dollars.
    Port Commissioners say Washington State Representative Bill Grant, of Walla Walla, was instrumental in helping access the state funding.
    The new buildings were quickly occupied by CAVU Cellars and Kontos Winery. Those operations join Adamant Cellars, Lodmell Cellars and Trio Vintners who are all nearly two years into the incubator program.
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