Grubb & Ellis' Brad Fletcher, who helped broker the land deal for the building, is handling the disposition as well. Toshiba's senior vice president Pat Bremkamp told GlobeSt.com last November that the building and excess land would be marketed together.
Toshiba Ceramics' property is located at the corner of Cornell Road and 231st Street, near the Orenco Station, a retail development along the region's east-west light rail line. The Hillsboro plant, the company's only facility outside of Japan, opened more than 10 years ago.
The company used to own more than 60 acres here. Last year it sold 44 acres to semiconductor-related software maker Synopsys. Toshiba's parent company also owned some 84 acres in the area, but recently sold that off to a residential developer.
Toshiba Ceramics, which employs 3,000 people worldwide, makes "crucibles" -- highly purified glass bowls used to manufacture silicon wafers for computer chips. In explaining the company's consolidation, Bremkamp said: "Our parent company (in Japan) has exactly the same capability; plus, they have all the new technology."
© Arc, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to TMSalesOperations@arc-network.com. For more information visit Asset & Logo Licensing.