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February 22, 2020
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Johnstone Supply Inc Spends Over $16 Mil to Acquire Its HQ Facility in Portland

1/21/20

Johnstone Supply Inc acquired its 126.3k sf global headquarters facility in Portland in a recent transaction valued at $16.2 mil ($128/sf). The distribution warehouse building is located 11632 NE Ainsworth Circle.

Johnstone Supply is a privately held distributer founded in 1953 that trades in heating, ventilation, air conditioning and refrigeration (HVACR) equipment. They’ve occupied the building on NNN basis.

Built in 1991 – and occupied by Johnstone ever since – the facility features a 24-foot clear height, 18 dock-high doors, one grade-level door with drive-in capabilities, ample parking and office space. 11632 NE Ainsworth Circle is in the NE Columbia Corridor Submarket in an infill location with convenient access to regional, national and international transportation networks.

The property is less than two miles from Portland International Airport and seven miles from Troutdale Airport, in addition to being 11 miles from the Port of Portland’s Terminals Two, Four, Five and Six. Additionally, the property is less than one mile east of Interstate 205 and less than two miles from both the I-205/I-84 and I-205/SR-30B interchanges.

Mark Detmer, Bo Mills, Buzz Ellis, Ryan Sitov and Adam Taylor with JLL Capital Markets represented the seller, Stockbridge, in the transaction.




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