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Schneider Takes 50,000 SF in MEPT Project

PORTLAND-A division of freight hauler Schneider National takes one-third of the smaller building at the first phase of Rivergate Corporate Center, a 488,000-sf speculative project by Multi-Employer Property Trust. A 400,000-sf user may soon help launch the 607,000-sf second phase of the development.

By Brian K. Miller | Updated on December 13, 2002

PORTLAND-The 488,000-sf first phase of Rivergate Corporate Center has secured its first tenant, according to Trammell Crow Co., which is overseeing development and leasing of the project, which is owned by Multi-Employer Property Trust, a $3-billion collective investment fund whose primary beneficiaries are union pension funds.

Schneider Resources Inc., a division of Green Bay, Wis.-based freight hauler Schneider, has leased 50,000 sf in a 150,000 sf building, TCC’s John Fettig tells GlobeSt.com. Schneider will employ 16 people who will use the space to store and distribute automobile parts and related components.

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