PORTLAND, OR—Capacity Commercial Group/CORFAC International, a leading full-service commercial real estate provider serving the Portland metropolitan market, has brokered the sale of approximately 28 acres of pre-approved development land for a little more than $7 million and concurrently landed the marketing assignment to lease a new, state-of-the-art 492,000-square-foot distribution center to be built on the same land. Specht Development acquired the property from Three Oaks Development and began preparing the site for construction last week.

This is the largest speculative industrial project currently under construction in the Portland marketplace, according to Capacity Commercial Group/CORFAC International. Don Ossey, SIOR, and Rob McEachern with Capacity Commercial Group/CORFAC International were the only brokers involved in the land sale. Along with Dave Ellis from Capacity Commercial Group, they have been retained by Specht Development to lease Interstate Crossroads Distribution Center, which is designed as hi-cube distribution or manufacturing space with office areas to support industrial use.

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