The property lies several miles southwest of Downtown Portland,about three miles west of Interstate 5. It is split into twoparcels: 25 acres owned by the Itel family that make up thenorthern portion of the site, and a southerly 30 acres owned bybrothers Stanley Sharp and Hadley Robbins.

"I think its one of the most significant development projects inthe southwest over the last decade," says Brad Fletcher, managingdirector for the local Grubb & Ellis office and the one whobundled the properties and brought the deal to Wells. "Tualatin hasmuch of the most valuable remaining industrial land in the I-5corridor--if not in the (entire) Westside market--and this propertyis clearly the crown jewel."

Grubb & Ellis Tom Talbot and Cliff Finnell are signed up tohandle the lease up and sale once all the entitlements are in hand."The exciting thing about this is there's nothing else in Tualatinin terms of a large, master-planned business park environment,"Talbot tells GlobeSt.com.

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