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November 17, 2014

$4M Tualatin land sale points to rebounding industrial market

Portland Business Journal

Jon Bell

In yet another sign of the growing demand for industrial space in the metro region, real estate developer Trammell Crow Company has paid $4 million for 17 acres in Tualatin to build a new industrial park. To be known as the Southwest Industrial Park, the new park will comprise four buildings totaling 301,700 square feet. It will be located at 19585 S.W. 118th Ave. Available tenant spaces will range from 11,400 square feet up to 145,100 square feet.

Kidder Mathews senior vice presidents Peter Stalick and Steven Klein, and vice president Zach Francis represented both the buyer and the seller in the transaction.

Trammell Crow, who partnered with Washington Capital Management, on the purchase, has begun demolition of the older manufacturing buildings on the site and expects to complete construction of the new part in the third quarter of 2015.

For the full story, go to Portland Business Journal.

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