Pacific NW Properties Buys 25,000 Square Foot Hillsboro Property

By Jonathan Bach  – Staff Reporter, Portland Business Journal

Pacific NW Properties in July announced it purchased a roughly 25,000-square-foot property in Hillsboro at the corner of the Sunset Highway and the Cornelius Pass Road exit.

The Beaverton-based real estate firm said its property, called Corn Pass Annex, has lease availability starting at 6,000 square feet.

A variety of features, including 24-foot ceilings and multi-fixture restrooms, make it suitable for recreational, industrial or even church and school uses, Pacific NW Properties said. It also could be used as regular industrial or manufacturing space. The deal closed April 10, after the pandemic was declared.

Three tenants occupied the property when the deal finalized. “We gave the seller a 4-month lease back at no cost to help them find a new home and soften their landing, and they vacate at the end of this month,” Pacific NW Properties partner Evan Bernstein said by email.

After a church tenant leaves, the space will be about a quarter of the way leased up with a day care and a baseball training operation, Bernstein said. About 17,000 square feet is available for lease beginning in August.

The property has been renamed, landscaping has been updated, the parking lot was repaved and an interior renovation is also in the workseginning next month to prepare the space for a new tenant, he said. “Despite Covid, we’ve experienced a good level of interest activity and space tours for the future vacancy,” Bernstein said.

Separately, ground broke in July on the firm’s previously announced South Salem Business Park. “Another positive sign in our marketplace,” Bernstein said.