96,608-SF Lease Brings Southshore to 100% Occupancy

PORTLAND-A maker of golf product displays has leased the last available space at Southshore Corporate Center, prompting center owner Catellus Development Corp. to consider more site work and more speculative construction.

Expanding from 25,000 sf in Eastern-Western Corp.’s Whitaker Way Industrial Park, NIR Inc. has leased all of the 96,608-sf Building D at Southshore Corporate Park. The lease rate on the five-year deal is not being disclosed by those involved, but local industry experts tell GlobeSt.com the going rate for first generation shell space is in the mid $0.30s per sf per month, but that tenant improvements and some free rent are generally being thrown into deals.

Building D, located at 18712 NE Portal Way, was completed in 2002 and has never been occupied. The lease brings occupancy at Southshore to 100%, according to Grubb & Ellis’ Tom Talbot, who with Steve Barragar handles leasing at Southshore on behalf of Catellus. Mike Woodley of Norris & Stevens represented NIR.