The two-year lease between tenant Dean Foods and building owner, Rreef of San Francisco, filled a three-month vacancy at the 15645 N. Lombard St. site, which had been vacant since Sept. 1 when Georgia Pacific moved out, Tony Reser with Cushman & Wakefield's Portland office tells GlobeSt.com. Hushed about the lease terms, he says pro forma rates generally run about 31 cents per sf for warehouse space and 61 cents per sf for office space at the Portland complex.
Dean Foods, earmarking about 2,000 sf for the office, is sharing the 635,000-sf building with CertainTeed, a building materials distributor. About 250,000 sf remains available for rent at the distribution facility.
Dean Foods is merging 200,000 sf of operating space at the Stockyards Commerce Center along North Marine Drive and a 10675 N. Lombard location, says Reser, who negotiated the lease on behalf of both building owner and tenant.
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