SALEM, OR-Two Japanese companies are apparently negotiating for the development of manufacturing facilities in the region in 2002, one in Portland and another in Salem. Oregon Gov. John Kitzhaber, back this week from a trade mission to Asia, says he can 't reveal any details other than one would manufacture sports equipment in the Portland area and the other wants to produce printer components in Salem.
It's that kind of ongoing interest in the market that, as reported in GlobeSt.com a few months ago, has San Francisco-based Catellus and developing 180,000-sf of speculative industrial space at Southshore Corporate Park on the Northeastern edge of Portland's city limits.
In August, Fuji Photo Film USA backfilled 27,000-sf of shell space at Southshore recently vacated by Centric Corp. Fuji leased the shell space for five years at the going rate of around 36 cents per sf per month and now is engaged in a multi-million build out. Ted Nicholson and Marty Horeis of CB Richard Ellis represented Fuji in the deal. Tom Talbot and Steve Barragar of Grubb & Ellis represented building owner Catellus Development Corp.
Other current corporate projects include Frito Lay, which is underway on an 80,000-sf building, and Alexander Moving & Storage of Tustan, CA, which recently broke ground on an 110,000-sf distribution center. United Parcel Service also has picked up 51 acres for a prototype distribution hub, but has not yet determined when it will break ground on the project.
All told, about 850,000 sf has been built and occupied at Southshore since Catellus closed on the property in July 1998. About 450,000 sf of that — including the Centric space — is owned by Catellus. In Catellus' buildings are Synetics Solutions (155,000 sf), Spicer Paper (90,000 sf), Danner Shoe Co. (55,000-sf), Implant Center (45,000 sf) and Recor Services (18,000 sf). In their own buildings at the park are E.J. Bartell's Co. (110,000-sf) and Bridgestone (294,000 sf).
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