Polaris plans to close Cemera Long Beach sale by end of November

Tina Grady Barbaccia

October 10, 2012

Polaris Minerals Corp. has advised that its joint venture subsidiary, Cemera Long Beach LLC, and the purchaser of the Pier B freehold land, Baker Cold Storage Inc., are scheduled to complete the sale at the end of November 2012.

“The purchaser has worked diligently throughout this complicated transaction, and we are pleased to have received excellent service from the responsible state regulatory agency,” Herb Wilson, president and CEO of Polaris, said in a press release. “We now look forward to concluding this matter as envisioned and focusing our energies on our core business as the U.S. construction industry enters a recovery cycle.”

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