Sale by Boise Cascade of 8 Outlets Expected

Boise Cascade’s eight outlets in San Diego County soon will be sold to a group of investors led by San Diego regional manager Alan Quinby, according to sources familiar with the transaction.

Negotiations are still under way between Boise Cascade and Quinby’s QMD Inc., the investor group that is trying to buy the local outlets, which reportedly generate annual sales of about $125 million.

Neither Quinby nor officials of Boise Cascade’s corporate headquarters in Idaho would confirm the identity of the potential purchasers.

However, records at the Port of San Diego, the landlord of Boise’s area headquarters building in National City, which must approve any sale or transfer of the lease, reveal that QMD is negotiating a lease for the building, according to John Reardon, assistant manager of the port’s property department.

QMD includes Quinby as well as investment bankers George McCown of San Francisco and David DeLeeuw from New York, according to port records.

The sale of Boise Cascade’s San Diego County outlets is part of the Idaho-based company’s efforts in the past 18 months to sell several of its building materials operations, primarily in the Southwest and the south-central region of the country, according to Bob Hayes, director of corporate communications.

The company wants to “concentrate building materials business where (it) has the most integrative value to our wood products manufacturing facilities, specifically in the Northwest,” said Hayes.

The company, with 1984 sales of $3.8 billion and earnings of nearly $70 million, is primarily in the wood, pulp and paper products business.