Trend Business Center lands a new tenant, plans new building.
Trend Business Center owner McCormack Properties LP leased the business park's 17,960-square-foot building A to a Michigan-based distribution company, and plans to begin construction of a new 33,221-square-foot facility in June 2016.
Grand Northern Products, a distributor of surface enhancement technology and supplies that provides metal finishing solutions to different industries throughout North America, plans to move into Trend Business Center's building A and open for business in December.
The company, which did not respond to interview requests from the Herald, opted to expand in Canby because the city is centrally located, for the most part, to its existing customers in Oregon and up and down the West Coast, according to Scott McCormack, development manager for Tigard-based McCormack Properties.
"Canby made sense for them because they can travel in both directions (north and south) for their customers," McCormack said. "They came into town, toured the area and liked the building."
Portland commercial real estate company Kidder Mathews, which handles marketing duties for the Trend Business Center, helped McCormack Properties land Grand Northern Products..
Canby Economic Development Director Renate Mengelberg said Grand Northern Products is a great addition to Canby, particularly because it will be able to offer its services locally to companies located inside the Pioneer Industrial Park that are part of Canby's metals industry cluster.
Those companies include American Steel, Pioneer Pump, JV Northwest, Product Manufacturing, BBC Steel, Cascade Engineering Technologies, Inc., Global Stainless Systems, and others, she said.
"This metals finishing company will provide valuable support services to our strong metals industry cluster," Mengelberg said.
One of the selling points Kidder Mathews uses to market Trend Business Center properties is Canby's location to Interstate 5 and Interstate 205, which are just 10 minutes and 15 minutes away, respectively, McCormack said.
"Canby can actually be an advantage location-wise," he said. "If you have customers south and you have customers that make you go north, too, Canby is an advantage compared to Wilsonville and Tualatin. If 50 percent of the time you have to go north and 50 percent of the time you have to go south, Canby is right in the middle. It's the perfect location. Additionally, electricity rates are typically lower in Canby because (the city) has its own utility."
In addition to constructing building C in the coming months, McCormack Properties also has another 4.3 acres on site at the Trend Business Center where it can build to suit either two separate buildings, each about 34,000 square feet, or one large 70,000-square-foot building for anyone wanting to move in, McCormack said.
"So, anyone looking to move into a space that's anywhere from 10,000 square feet to 70,000 square feet, we can work with them," he said. "We still have to design and permit the building (or buildings), but we can get it done. We prefer to hold a lease for a long time but we'll sell as well. Not everyone wants to own their building. Some want to put equity back into their business, which is why we provide the leasing option."
Perlo Construction will be hired as general contractor for Trend Business Center building A, McCormack said. Perlo Construction also built the Dragonberry Produce building, located in Pioneer Industrial Park, the Pioneer Pump expansion building and several other buildings in the area, he said.