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8/04/22
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LBA Logistics purchased Marine Drive Distribution Center, a 590.1k sf, four-building distribution center in Portland. The property was sold by Clarion Partners.
Marine Drive Distribution Center is comprised of one single-tenant and three multi-tenant institutionally managed distribution warehouses. The state-of-the-art buildings feature ESFR sprinklers, 24’-26’ clear heights, 114 dock-high, 12 grade-level and 28 rail-served doors, along with ample parking. The buildings are NNN leased to seven tenants.
The property is situated on approximately 27 acres in the Rivergate submarket at 6308-6310 and 6204-6210 N Marine Dr and 7409-7433 and 7507-7517 N Leadbetter Rd. Marine Drive Distribution Center is less than two miles from the Port of Portland Terminal 6 and less than four miles from Interstate 5 providing regional access throughout the West Coast, including San Francisco, San Diego, Los Angeles, Portland, and Seattle. In addition, the property is located seven miles from Portland International Airport and 18 miles from Troutdale Airport.
Mark Detmer, Buzz Ellis and Ryan Sitov with JLL Capital Markets represented the seller in the deal. Additionally, Tyler Sheils with JLL has been retained by the buyer to handle leasing at the property.
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