Activity Heats Up, Plans Change at Southshore

PORTLAND-Development is heating up again at Catellus Development Corp.’s 230-acre Southshore Corporate Park on the northeastern edge of the city, according to Grubb & Ellis’ Tom Talbot, the lead broker for the industrial park.

Alexander Moving & Storage of Tustan, CA recently acquired six acres and broke ground on a 110,000-sf distribution center two weeks ago. Next month, Frito Lay gets underway on an 80,000-sf building, and in August Catellus expects to break ground on another 183,000-sf of speculative product.

Talbot also tells GlobeSt.com he is closing in on tenants for all or part of the 85,000-sf recently vacated by Centric Corp. A deal with a 30,000-sf user is very close, says Talbot, and negotiations are moving along with tenants interested in the rest of the space.