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SKB Acquires 162,400-SF Business Park for $7.3M

CLACKAMAS, OR-The Portland-based real estate merchant banking and development advisory firm acquires a fully-leased warehouse/manufacturing business center with 120,000 sf of warehouse space and 40,707 sf of office space that is fully leased by Cornell Pump Company and USF Reddaway.

By Brian K. Miller | Updated on November 19, 2002

CLACKAMAS, OR-ScanlanKemperBard Companies has paid $7.3 million for the 162,400-sf Sunrise Corridor Business Center, a 100% occupied warehouse/manufacturing business center with 40,707 sf of office space.

The Portland-based real estate merchant banking and development advisory firm acquired 16277 S.E. 130th Ave. from Cascade Area Properties (Oregon) LLC. Located on 11.57 acres in the I-205 Distribution Corridor, it is fully leased by Cornell Pump Co. and USF Reddaway, a subsidiary of US Freightways Corp.

SKB acts as a fiduciary for approximately 225 investors representing more than $115 million in real estate investment. Company Principal Robert Scanlan was not immediately available for comment Tuesday afternoon.

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