PORTLAND, OR-Grubb & Ellis Co. recently snagged two substantial leasing contracts in the Northwest. Schnitzer West selected the company’s industrial group to lease 217 Distribution Center, a five-building manufacturing and distribution park in Beaverton, OR, offering approximately 445,000 square feet of space and Aegon USA Realty Advisors selected the company to lease and manage EastRidge Business Park, a 446,000-square-foot master-planned development in Vancouver, WA.
Steve Willhite, vice president, Mark Hush, vice president, Tyler Sheils, associate, and Patrick Ulch, associate, will serve as the leasing agents for 217 Distribution Center. “This distribution center is home to many high-profile tenants and provides great access, both auto and rail, to manufacturing and distribution tenants,” says Willhite. “The property also offers a unique opportunity with its superior visibility and signage along Highway 217.”
Constructed in 1979, 217 Distribution Center is located at 10950-11065 S.W. 11th St. The park is approximately 71% leased to a number of tenants, including Nike Inc., Fulfillment Corp. of America, United Pacific Industries, People’s Furniture Rental and Ire-Tex Protective Packaging. Buildings A and C, offer roughly 80,163 and 131,600 square feet of space, respectively, and are 100 percent leased. Space ranging in size from 8,134 to 67,130 square feet is currently available at buildings B, D and E.
EastRidge Business Park is a 446,000-square-foot master-planned development in Vancouver, WA. Lisa Johnston, senior property manager, will oversee the management of the business park. Matt Adams and Kathy Harris, associates of the company’s office group, and Irfan Tahir, an associate with the company’s industrial group will serve as the leasing agents.
“EastRidge Business Park is one of the largest mixed-use business parks in the Portland-Vancouver area and we are thrilled that Aegon selected Grubb & Ellis to lease and manage this high quality asset,” says Johnston.
EastRidge Business Park consists of 27 buildings offering office, flex and retail space, situated on approximately 36 acres of land. The park is 72% leased to more than 80 tenants, including medical, engineering, office, R&D, banking, restaurants and business support services companies. Onsite amenities include management and leasing office, 24-hour security, restaurants, public transportation services and banking. EastRidge Business Park is located within close proximity to State Highway 503, Interstates 205 and 5, as well as Portland International Airport. The park currently has a mix of retail, office and flex space available, ranging in size from 870 square feet to 7,000 square feet.
Grubb & Ellis manages two other properties on behalf of Aegon in Phoenix, including Security Title Plaza, a 202,000-square-foot CBD office building, and Arrowhead Business Center, a 47,341-square-foot suburban office building.
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
