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December 3, 2020
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Hawthorne Hydroponics Leases New 378k sf Industrial Building in Oregon


Hawthorne Hydroponics LLC has signed a long-term lease for a brand new 378k sf, Class A industrial building at the newly developed Blue Lake Corporate Park in Gresham, OR, a suburb of Portland. The company, which is expanding its operations from within the region, will also retain a presence in Vancouver, WA. We’re told this transaction is the largest industrial lease signed in the Portland Metropolitan market year-to-date 2020.

Blue Lake Corporate Park is owned by a venture between Trammell Crow Company and a fund advised by Principal Real Estate Investors LLC. The project is Airport Way’s newest Class A industrial development and consists of two buildings totaling 463.5k sf on a 41-acre site. Built on a speculative basis, the project was substantially completed in May. Hawthorne Hydroponics leased all of Building B and will serve as the project’s anchor tenant.

Blue Lake Corporate Park delivers easy ingress/egress to Interstates 84, 205 and 5. The park is just minutes from the I-5 Corridor, the West Coast’s most prominent distribution channel.

Cushman & Wakefield Portland’s Brad Carnese, Aaron Watt and Keegan Clay represented the owner in the transaction. Stuart Skaug of CBRE Portland repped the tenant. The property was leased within just five months of completion and amidst the far more challenging environment brought on by the pandemic.

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