PORTLAND, OR-Jones Lang LaSalle represented Bridgestone Americas Tire Operations, LLC in the second largest industrial lease this year in the Portland area. The lease, for 204,550 square feet at Rivergate Corporate Center II at 14005 North Lombard Ave., represents an expansion by the Nashville-based tire manufacturer and effectively doubles its footprint in the Portland market.
Tyler Sheils, Sean McCarthy and Kevin Kriesien of JLL represented Bridgestone. The landlord, MEPT Rivergate LLC, was represented by Steven Klein and Peter Stalick of Kidder Mathews.
The Rivergate submarket totals 14.3 million square feet of industrial space. Industrial vacancy in the submarket falls from 12.5% to 11.1% as a result of this lease. According to JLL's research data, the lease also removes the last remaining block of modern industrial space over 200,000 square feet from the Portland metro area.
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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.
