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Maritime Economic Development: Everett

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Everett Inks Lease Agreement with Manned Submersibles Service Provider OceanGate

The Port of Everett has signed a five-year lease with OceanGate, Inc., to occupy 3,600 square feet within the port-owned Waterfront Center. The company will use the property to develop, assemble and operate a fleet of next generation manned submersibles. 

OceanGate is completing development of its 500 meter, five-man submersible "Cyclops," which requires the additional operations space and strategic Port of Everett location to complete sea trials and testing. Once complete, OceanGate will take the Cyclops submersible on a North American oceans awareness tour, conducting missions in the Pacific, Gulf and Atlantic oceans, including dives on the sunken U.S. Navy airship Macon, the Flower Gardens and the Battle of the Atlantic.

"The Port of Everett represents an excellent operations location for our company," said Neil McCurdy, the company’s chief operating officer. "Due to the unique nature of the work we do, having immediate access to the water is critical. By combining multiple locations into our new space at the port, OceanGate is increasing its productivity, efficiency and effectiveness.The Port of Everett is a high-quality facility that complements our operating and administrative needs."

"OceanGate is a great example of what can be accomplished when you mix entrepreneurship, science, technology and manufacturing," said Port Commission President Troy McClelland. "We are so excited to have them as one of our tenants. We have strategically invested in our facilities to create these opportunities for manufacturing and marine businesses. I am looking forward to watching their company grow, and expand their presence at the Port of Everett’s Waterfront Place."

Tenant improvements are underway, and OceanGate will complete their entire relocation, including administrative offices by April.
 

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