Serveron Signs Short-Term, 23,000-SF Lease

HILLSBORO, OR-Serveron is no longer a Central Oregon-based company. Formerly Micromonitors, the manufacturer of monitors for electrical transformers has signed a lease for 23,240-sf in a 33,000-sf flex building owned by Wyse Investments. The building is located at 3505 Aloclek Dr., across the street from Evergreen Corporate Center.

Don’t expect it to stay there long, however. CEO Jim Moon tells GlobeSt.com that the company is ultimately looking for a 50,000-sf space in a business park that can handle the company’s expected expansion to 150,000 sf over the next couple of years.

Thinking it may be able to get a better deal several months down the road, however, the company opted for a six-month lease that included furniture. Moon’s broker, Melvin Mark’s Pat Schreck, says the company will go back out in September and start a search for a more permanent home. Steve Marcy and Cliff Finnell of Grubb & Ellis represented the landlord.