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March 17, 2014

Kintetsu Renews 34,000-SF Lease

CoStar Group

Justin Sumner

Kintetsu World Express signed a 34,020-square-foot lease renewal at 8922-8934 NE Alderwood Rd. in Portland, OR.

The 68,400-square-foot warehouse was built in 1998 on 3.5 acres in the Airport Way submarket of Multnomah County, part of the eight-building Alderwood Corporate Center III, which sits in the 450-acre, master-planned Portland International Center. It features 16 loading docks and one drive-in, 26 foot clear heights, and an Energy Star label for operating efficiency.

Steven Klein, Peter Stalick, Zach Francis with Kidder Mathews represented the landlord, New Tower Trust. Ken Boyko with NAI Norris Beggs & Simpson teamed up with Robert Miller at NAI Robert Lynn to represent the tenant in lease negotiations.

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