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Stimson's Strategic Forestry: Redwood Conservation

Through much of family-owned Stimson Lumber's 150-year history, it actively expanded its holdings throughout the Northwest, acquiring prime forestlands in Washington, Oregon and California. When Stimson's strategic focus shifted to Oregon and inland states, it decided to sell its 25,000 acres in the Smith River watershed in Northern California.

In a win-win transaction for our client and Californians, Stimson returned this ecological crown jewel to the State of California and turned to Tonkon Torp to assist in the deal negotiations and documentation. Working with Save the Redwoods League and Del Norte County authorities, Stimson agreed to a $60 million deal to sell these prized timberlands to the League for ultimate transfer to the State of California as a dedicated park.

Tonkon Torp attorneys brought their combined land use expertise, sharply focused deal skills and a thorough understanding of Stimson's core business objectives to structure a deal that gave Stimson added capital to fund new strategic investments in Oregon and inland areas.

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