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PDX Corporate Center East Sees 45,000 SF of Activity

PORTLAND-Pro Logis' six-building, 610,000-sf development at Northeast 158th Avenue and Airport Way retains two tenants and gains another.

By Brian K. Miller | Updated on August 25, 2004

PORTLAND-Pro Logis has seen 45,000 sf of leasing activity at PDX Corporate Center East, its six-building, 610,000-sf industrial development at Northeast 158th Avenue and Airport Way. The deals include two renewals and one new lease.Tire Centers Inc., which has been in the park for five years, inked a new five-year lease for 15,700 sf. Guardian Automotive, which acquired tenant AAG, an auto glass company, inked a five-year renewal that commences after the existing lease runs dry in a couple of months. A third tenant, whose name was not immediately available, has signed on for another 15,800 sf as part of a multi-year lease that commences in September.Linda Craig of Grubb & Ellis represented Tire Centers and Guardian Automotive. The third deal was done direct with Pro Logis, which is represented in-house by Ben Peterson. The negotiated lease rate on the deals weren’t revealed by the parties involved, but the triple-net asking rate for space in PDX Corporate Center East is $0.35 per sf per month, with some discount available for longer-term commitments such as these.Peterson tells GlobeSt.com that Pro Logis has a total of about 900,000 sf in the airport submarket that is about 93% occupied. Larger contiguous availabilities at PDX Corporate Center East include a 27,000-sf space in Building 3 and 26,000 sf in Building 6.”The whole year it has been subtly busy,” says Peterson. “The smaller spaces have gone fast, but there hasn’t been a lot of big users floating around the market.”

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