Funky But Functional Millikan Biz Center Finding Takers; PolyVision Leases 50,000 SF

BEAVERTON, OR-Atlanta, GA-based PolyVision Corp. is joining cameraworld.com at Millikan Business Center, the 280,000-sf, two-story industrial-flex project originally built for Tektronix and recently converted for multi-tenant use by Westport, CT-based Felton Management.

PolyVision, an international manufacturer and installer of visual communications and related products for the educational, office and corporate markets that is moving from PacTrust’s Oregon Business Park, signed five-year deal worth $1.4 million for 50,000 sf. The deal includes 7,000 sf of office space and 43,000 sf of manufacturing and distribution space. Scott MacLean of Norris Beggs & Simpson represented the tenant. The leasing agents for the center are Cliff Finnell, Dave Squire and Brad Fletcher of Grubb & Ellis.

Add in last year’s 90,000 sf deal with cameraworld.com brought by G&E’s Steve Marcy — for 57,000 sf of warehouse space and 33,000 sf of second-floor office — and there remains about 57,000 sf of office upstairs and a 60,000-sf automated pallet-racking warehouse with 60-foot high ceilings. The rate on the pallet-racking warehouse is negotiable, says Finnell, while the office space, based on tenant improvement, will run between 85 cents and 95 cents per square foot per month, triple net.