189,000-sf Caterpillar Complex in Escrow

DALLAS, OR–It appears Caterpillar is going to meet its goal of selling its surplus manufacturing and warehouse facility in Dallas, OR by year end. The two-building, 189,000-sf development in Dallas, OR is in escrow to an investor who plans to rehab the older space and use it for incubating small-but-growing manufacturing firms, says Isaac Quintero, the Norris Beggs & Simpson broker with the disposition assignment and now the new leasing assignment as well.

The two buildings are a 66,000-sf, 15-year-old warehouse and a 123,000-sf, 25-year-old manufacturing facility that was used to build fork lifts. Quintero says Caterpillar moved out of the facility several years ago and leased it to an aftermarket manufacturer it eventually acquired. The space was deemed surplus after the facility’s operations were folded into existing facilities elsewhere around the country, he says.