New Industrial Development in the Works

PORTLAND, OR-A mining equipment manufacturing plant in the Columbia Corridor is being redeveloped as an industrial office park. IBC Holdings, a company run by developers based in Denver and Phoenix, acquired the Columbia Corridor property from Stockholm, Sweden-based Atlas Copco, a publicly traded company that manufactures drilling equipment of the mining industry that will vacate the property in April.

Located east of Interstate 205 and north of I-84 on Northeast 158th Avenue, the property comes with two buildings totaling 147,000 sf and 11 acres of excess land. IBC’s Denver-based partner Brian Mott tells GlobeSt.com that IBC will rehab the two existing buildings for sale or for lease and divide the excess land into eight developable parcels.

“I think the likely scenario is a series of small buildings for sale or for lease,” says Mott of the excess land. “We’ll probably wait to have a couple of buildings pre-sold.”