GRESHAM, OR—Beginning in February, JLL will handle property management services at Boston-based STAG Industrial's 420,000 square foot warehouse-distribution property here. In addition, JLL has initiated property management at Cornell Oaks/Creekside Office Park, major suburban office parks in nearby Beaverton on behalf of a global fund investor Starwood Capital.
With Portland's commercial real estate market on track to see positive growth this year, owners aim to solidify their buildings' reputations among tenants as well as position them for future market conditions, JLL says. With many buildings having undergone capital improvement programs in 2014, owners are now refocusing attention on day-to-day management at the property level, with many seeking out top providers capable of delivering greater efficiencies in day-to-day operations while keeping tenants happy.
In the last 12 months, JLL has added more than 2.2 million square feet of assets to its property management operations in the Portland market. The STAG property is located at 18285 NE Halsey in Gresham.
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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.
