PORTLAND, OR—Jones Lang LaSalle represented Rite Aid in last year's largest industrial lease in the Portland metro area – the renewal of 516,693 square feet of space at GE Capital's Wilsonville Distribution Center at 29555 SW Boones Ferry Road in Wilsonville, Ore.
Tyler Sheils and Todd Hughes, both Vice Presidents at Jones Lang LaSalle, advised Rite Aid.
“This building is owned and managed by an institutional owner and sits in a Class A logistics location. After careful evaluation of all available choices of action, we were able to reach an agreement that facilitated the renewal of the lease on terms and conditions that clearly made sense for our client,” said Todd Hughes, v.p, Jones Lang LaSalle.
Wilsonville Distribution Center was built in 1979 and renovated in 1990. It offers 82 loading docks and cross dock loading capabilities. The high-cube distribution building has 26-foot clear heights and 5,100 square feet of office space.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
