Jake Stout, founder of J. Stout Auctions, gets ready to cut the ceremonial ribbon to mark the grand opening of the new Washougal, Wash., facility.
Slicing through a bright red ribbon, Founder Jake Stout, of J. Stout Auctions held the gold scissor to his side, taking in the moment.
After three years of growth, J. Stout Auctions celebrated the grand opening of its new regional facility in Washougal, Wash., with a ribbon cutting on Sept. 10. Staff, along with the Camas-Washougal Chamber of Commerce and local dignitaries attended the ceremony.
The needed expansion from Portland, Ore., to Washougal, Wash., provides the company with five times more space for live auctions and 60,000 sq. ft. of secure indoor storage for online auctions. That means customers will have more opportunities to consign equipment and gives buyers more choices to find what they need.
The benefits of having the extra space were made clear on Sept. 11, when J. Stout Auctions held its first live auction on the property. Nearly 1,000 people attended the auction both in person and online. Nearly 20 excavators, more than 25 trailers and 30 commercial trucks were just some of the 790 lots sold at auction.
In the future, J. Stout Auctions plans to hold live public auctions quarterly on the new property. At J. Stout Auctions live events, bidders can find everything they are looking for including heavy equipment, commercial trucks, government surplus vehicles, logging equipment, ATVs and industrial machinery.
The new secure indoor facility, also located on the property and opening on a later date, allows J. Stout Auctions to hold online-only auction sales. This program allows bidders to bid on everything from shop tools, welders and rental gear to contractor supplies, and government surplus, while in the comfort of their own homes.
"Business has grown much faster than what we expected for sure," said Stout.
With the expansion, J. Stout Auctions also is forecasting to create another 10-plus jobs in the next few years.