Coastal Villages Region Fund Acquires Seattle Marina and Office Property
The shaded area at 1801 Fairview Avenue East in Seattle now belongs to the
largest Alaskan-owned seafood company.
Coastal Villages Region Fund (CVRF) is now the proud owner of a Seattle waterfront property that it has occupied since 2015.
Base of Operations
CVRF closed on the purchase of 1801 Fairview Avenue East, on the shore of Lake Union, from its neighbor, United States Seafoods. The property includes a marina and a building with 16,000 square feet of office space. The property will serve as CVRF’s base of operations in the Lower 48.
“The acquisition of this premiere property provides CVRF and our Western Alaska communities with an extension of our Bering Sea operations to Seattle and demonstrates our expanding role in these fisheries,” says CVRF CEO Eric Deakin. “We take great pride in seeing many of our boats off from this location—a 100 percent Alaska-owned fleet—as they head to Alaskan waters, knowing that their harvest feeds the world and in turn funds critical programs across all twenty of our member communities.”
CVRF is a nonprofit that pools the Community Development Quotas of twenty villages in Southwest Alaska, making it the largest Alaskan-owned seafood company. US Seafoods also operates in the Bering Sea and Aleutians with four catcher vessels and two catcher-processors.
“This has been a long-time in the making, and it’s a win/win for both of our organizations,” says Matt Doherty, the president and CEO of US Seafoods. “It allows US Seafoods to focus on its core fishing operations and provides a stable home-base for CVRF’s growing fleet.”
The property was developed in 1963 and was once a home port for the National Oceanic and Atmospheric Administration. US Seafoods has owned it since 2012 and will continue to keep offices there, alongside CVRF.
The property will be owned and managed by Fairview Harbor, an LLC affiliate of CVRF.
This year the Alaska Railroad is celebrating 100 years of transportation people and cargo around Alaska. While the railroad is one of the states oldest transporters, it certainly isn’t the only one, and in this issue of Alaska Business we also check in on the Marine Highway, Span Alaska, and the White Pass & Yukon Route. For those interested in Southeast, our focus on that region provides updates on Kensington Mine, Tongass FCU, the troll fishery, and Juneau’s growing landfill.