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February 18, 2015

Cardinal Health Preleases 126,000 SF in Portland

CoStar Group

Kate Retzinger

Medical Equipment Distributor Signs Deal at Newly-Constructed Facility

Cardinal Health, a medical products and equipment distributor, leased 125,542 square feet in the industrial facility known as Building F in the Gateway Corporate Center in Portland, OR.

The building, totaling 215,250 square feet, will be completed this month and is located on NE 181st Avenue. With the Cardinal Health deal in place, the property is 58 percent leased. Part of a 38-acre project, Building F's delivery will be followed later by a Phase III development for the corporate center that will add an additional 208,000 square feet there. Phase III is currently in the design process.

Andy Kangas of CBRE in Portland, along with Julie Makris in CBRE's Columbus, OH location represented the tenant. Steven Klein and Peter Stalick of Kidder Mathews represented the landlord, New York Life Insurance Company.

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