Jacobsen’s Marine, a long-time landmark on Market Street in Ballard, is moving to the Port of Edmonds, the port said in an announcement Monday. The business will be located across Admiral Way from the Port Administration building on property that is currently being used as a gravel parking and storage area.
Jacobsen’s signed a 30-year lease with the port Oct. 24. It includes an option to extend it to 50 years.
According to the Port announcement:
The company started in Ballard over 60 years ago and in 2009 they moved to West Seattle. Two years before then they had begun plans to move to Edmonds, but the collapsing economy at the time dictated that it would be prudent to wait.
Jacobsen’s deals in high-quality marine stock: Grady White and Parker boats — ranging from 18 to 36 feet in length — and Johnson, Evinrude and Yamaha outboard motors. The Edmonds facility plans to offer full lines of sales, service and accessories.
For local residents, the agreement will not only provide a new retail opportunity, but it will bring in a significant amount of tax and permitting revenue, particularly when viewed over the full term of the lease.
Port executive director Bob McChesney said, “Adding Jacobsen’s to the outstanding lineup of businesses on Port property will enhance the Port’s brand, which emphasizes destination, quality and customer service.”
According to McChesney, Jacobsen’s comports perfectly with the Port’s waterfront redevelopment activities. “They chose us because no other spot on Puget Sound so ideally matched their needs,” he added.
Jacobsen’s president, Greg Jacobsen, concurred, saying: “The Port of Edmonds is the perfect fit for our business, both for the boating business and saltwater sports.”
If the permitting and construction process proceeds smoothly, the facility could be open as soon as June of 2014.