Port of Vancouver USA Agenda Packet Regular Meeting 2026-06-09
Lease Amendment Approves Transfer to Gemini Industries
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Description
The Port of Vancouver USA Board approved an assignment and lease amendment for Industrial Coating Solutions LLC, transferring the tenant rights to Gemini Industries Inc. The lease, initially expiring October 21, 2029 with extension options, remains under its current terms for 8,400 square feet of warehouse. Projected lease revenue for the remaining initial term is $220,756.
Contract Details
Vendor
INDUSTRIAL COATING SOLUTIONS LLC
Agency
Port Of Vancouver, WA
Contract Type
OTHER
Document Date
June 9, 2026
Contract Term
October 22, 2019 – October 21, 2029 with two 5-year extension options
Renewal Date
2029-10-21
Renewal Info
Two 5-year extension options available post-2029. Assignment effective upon closing of business sale.
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