WILSONVILLE, OR—A recent acquisition aligns with where investorssurmise commercial real estate is headed in a post-COVID-19 world.The property, Parkway Woods Business Park, was purchased byReinsurance Group of America.
Parkway Woods Business Park is a 378,300-square-foot suburbancampus on 70-plus acres at 26600 SW Pkwy. The mixed-use property,which was formerly a campus for Tektronix and then Xerox, has sinceundergone significant common area renovations and is currentlyleased to two tenants–3D Systems, a printing and scanning company,and Dealer Spike, an online RV and marine dealership.
The seller was Parkway Woods Business Center LLC, a jointventure between ScanlanKemperBard and Oaktree Capital. SKB recentlycompleted the recapitalization of the property and will stay on asa partner in the investment to help execute its strategicrepositioning.
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
