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The largest real estate deals in the Puget Sound region typically involve buildings, but one of the largest transactions of 2002 was all about trees - more than 122,000 acres of them.
Federal Way-based Weyerhaeuser Co. last year sold 122,650 acres of timberland in three counties to the Hancock Timber Resource Group of Boston for about $222 million.
It was the largest timberland transaction last year in Washington, Oregon and Idaho combined, and one of the five largest timber deals in Washington in the last 10 years, said Don Bryan, president and designated broker of The Timber Exchange, a Portland-based timberland broker.
In a single transaction late last year, Weyerhaeuser sold to Hancock Timber its 115,000-acre White River Tree Farm, which is located on the western slopes of the Cascades. That deal involved:
* 62,000 acres in Pierce County worth an estimated $113.7 million, making it the county's largest real estate deal of the year when ranked by dollar value.
* 35,000 acres in King County worth about $64.2 million. It was the fourth mostvaluable transaction in the county in 2002.
* 18,000 acres in Lewis County worth an estimated $32.5 million.
In a separate but related...