Search
 

Bedford Gaining Tenant for Vacant Building

HILLSBORO, OR-Fiber Sensys signs on for 31,000 sf of a 83,244-sf building that Bedford Property Investors acquired vacant last year. The lease is expected to commence early in the fourth quarter of 2005.

By Brian K. Miller | Updated on July 17, 2005

HILLSBORO, OR-Bedford Property Investors Inc. has landed a tenant for 38% of a vacant 83,244-sf flex-warehouse building here that it picked up last year. Fiber Sensys LLC, a Comudyne company, signed a 5.5-year lease for 31,372 sf of Suntech 3, one of four buildings that comprises the 302,000-sf Suntech Corporate Park.Fiber Sensys is involved in the manufacturing of high performance fiber-optic intrusion detection systems. The lease is expected to commence early in the fourth quarter of 2005. Its build out will include 10,000 sf of office and 21,000 sf of warehouse space. The rest of the building remains available.Brandon Frank, Dave Squire and Eric Haskins of Grubb & Ellis represented Bedford. Haskins and Mike Newman represented Fiber Sensys. Frank tells GlobeSt.com that Fiber Sensys is relocating from about 20,000 sf in an older facility in Tualatin. The Tualatin facility is located at 9640 SW Herman Rd. Frank declined to reveal the negotiated lease rate, but the market rate for such space in the Sunset Corridor is $0.40 per sf per month for the shell plus a $0.60 per sf per month surcharge for office space.”Fiber Sensys was looking to improve their image and capabilities,” said Dave Frank, Operations Manager for Fiber Sensys, LLC. “This building accomplishes both as well as offering the opportunity to expand.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.