Recent Acquisitions & Acquisition Criteria
In addition to property development and property management, Pacific NW Properties has been one of the most active buyers of commercial real estate in the Portland Metro Area over the years. PNWP is actively pursuing acquisitions of multi-tenant business parks, single-tenant industrial buildings, vacant industrial buildings, and well-located industrial land in the 2 to 15-acre size range for future development.
Please contact Evan Bernstein today at (503) 626-3500 or email him to discuss your next deal.
South Salem Business ParkSE Cascadia Industrial St. SE
Salem, OR 97302
SOUTH SALEM BUSINESS PARK — purchased in 3Q19 — is our latest industrial land acquisition and future speculative development. We are extremely excited to expand into the growing Salem market! PNWP will be developing a two-building, approximately 70,000 square foot multi-tenant light industrial business park to accommodate tenants in the 3,000 – 15,000 SF range on this prime 5.81-acre site just west of I-5 at the corner of Fairview Industrial Drive SE and Cascadia Industrial Street SE in Salem, Oregon.
South Salem Business Park is scheduled for an end-of-year 2020 delivery date, and will accompany other planned PNWP developments slated for Hillsboro, Oregon and Vancouver, Washington.
Century Boulevard LandNE Century Boulevard
Hillsboro, OR 97124
Century Boulevard is an approximately 1.91-acre industrial site which was purchased in 3Q19.
Fourth Plain Business Park II6700 NE 152nd Avenue
Vancouver, WA 98682
Fourth Plain Business Park II is our latest industrial land acquisition and future speculative development. Following the recent success of Fourth Plain Business Park I (pictured), we are excited to develop an additional approximately 40,000 square foot light industrial, multi-tenant business park to accommodate tenants in the 3,000 – 20,000 SF range on this prime 2.5 acre site at the corner of Fourth Plain Blvd and 152nd Avenue in Vancouver, WA.
Fourth Plain Business Park II is scheduled for a 2020 construction start and will be the 75th building we will have developed in the Portland/SW Washington Metro Area since PNWP started in 1990.
Wilco Industrial Park21256 and 21260 Butteville Road NE
Donald, OR 97002 (7 miles south of Wilsonville)
Wilco Industrial Park is a brand-new, big box industrial building constructed by Perlo is located just off of I-5 seven miles south of Wilsonville and measures approximately 240,000 square feet. It houses both a Wilco distribution center on one half, as well as a state-of-the-art processing facility for Hazelnut Growers of Oregon (HGO) on the other.
I-84 Corporate Center819–1091 NW Corporate Dr
Troutdale, OR 97060
I-84 Corporate Center was acquired in 4Q17. Composed of four buildings totaling approximately 135,000 square feet, this dynamic, multi-tenant business park is located just off I-84 in the rapidly-expanding East Columbia Corridor/Troutdale submarket, next to the high-profile FedEx and Amazon facilities.
We are excited to expand our footprint in East County, with an addition to our portfolio which will complement our existing Airport Way and Gresham assets and provide additional high-quality space for our customers.
Twin Oaks Business Park1800 NW 169th Place, Beaverton, OR 97006
Twin Oaks Business Park was acquired in 3Q16. Comprised of ten buildings encompassing approximately 166,000 square feet, this high-quality multi-tenant business park is located just off Highway 26 at the corner of NW Cornell Road and NW 169th Place in the thriving Beaverton/Sunset Corridor submarket.
We are excited to expand our footprint in the Sunset Corridor with an addition to our portfolio which will complement our existing Beaverton and Hillsboro assets as well as provide additional high-quality space for our customers.
Harvest Court Industrial Park9700 SW Harvest Court
Beaverton, Oregon 97005
Harvest Court Industrial Park was acquired in 1Q16. Located just off of Arctic Drive and Harvest Court in the Beaverton/217 Corridor submarket, this high quality 76,500 SF multi-tenant industrial distribution building is 100% leased to several dynamic companies. We are excited to add this asset to our portfolio as it’s a great complement to our other Beaverton holdings and will provide highly functional larger bay space options for new and existing, growing PNWP customers.
TANASBOURNE BUSINESS PARK20795, 20811 & 20827 NW Cornell Road
Hillsboro, OR 97124
Tanasbourne Business Park is a great addition to the Pacific NW Properties portfolio. This 113,000 square foot, multi-tenant business park located just off Cornell and Cornelius Pass Road in the Sunset Corridor was purchased in 2014 and joins a handful of other high quality multi-tenant business park space under ownership and management in Hillsboro.
MILWAUKIE BUSINESS PARK4000-4160 SE International Way
Milwaukie, OR 97222
With over sixty spaces leased to a variety of local and national businesses, the 101,000 square foot Milwaukie Business Park, which we acquired in 2015 has been a terrific addition to the Pacific NW Properties Portfolio. Located just off Hwy 224 in the Sunrise Corridor in Milwaukie, this multi-tenant business park is located across the street from other PNWP holdings, including Minthorn Business Center and Hwy 224 Business Park.
181st Airport Way Business Center18032-18066 NE Airport Way, Gresham, OR 97230
181st Airport Way Business Center was acquired in 3Q15. Located just off of I-84 and 181st/Airport Way in the thriving Southshore submarket, this high quality 19,200 SF light industrial/flex building is 100% leased to two great tenants, and has capability to be further divided and house up to four tenants in the future. We are excited to expand our footprint further east, with an addition to our portfolio which will complement our existing Airport Way projects and provide additional high quality space for our customers.
TUALATIN DISTRIBUTION CENTER11885 SW Herman Road
Tualatin, OR 97062
This 40,000 square foot, single tenant industrial building was purchased as a sale/lease back in 2015. This great Tualatin property is our fifth project in Tualatin, a submarket we are actively increasing our footprint.