JLL: Portland Market Swing Spurs Management Push

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.