Premier Business Centers

The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
June 17, 2019
 Search RENTV
 Video Programs
News Home Page
Southern California
Northern California
Pacific Northwest
Prop. Management
Press Releases
 R. E. Marketplace
Service Providers
Property Spotlight
 RENTV  Conferences
Subscriber Login:
Forgot Password?

Printer-friendly Version   Email an Associate
Portland Industrial Campus Sells for Over $22 Mil


Airport Way Corporate Park, a 140.7k sf, Class A industrial park in Portland, OR, sold for $22.25 mil ($158/sf). Constructed in 1992-2008, the property features full sprinkler systems, dock high and grade level loading, abundant power, above standard parking and high visibility from Airport Way.

Located at 12021 NE Airport Way, 12067 and 12055 NE Glenn Widing in the highly desirable Northeast submarket of Portland, the three-building property is currently 95% leased to 15 tenants. The property’s proximity to the Portland International Airport and adjacency to freeways provide tenants with convenient access to local amenities and coverage to the Portland market and Northwest region.

The seller, Airport Way LLC, was represented by Cara Nolan and Barbara Emmons of CBRE. CBRE will continue as the leasing agent for the property. According to Nolan, Airport Way Corporate Park was one of only a few Portland multi-tenant industrial investment sales so far this year that was widely marketed.

The Portland industrial real estate market is experiencing historically low vacancy rates at 3.8% and record absorption thanks to the limited land available for development and limited new multitenant construction.

Return to the Archive page



Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2019 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media