However, the trucking company also owns the Leland James Center,a Portland office complex it built in the late 1980s (and namedafter its founder) at 1621 NW 21St. Ave. It has 342,662 sf of spaceand is valued at $22 million, according to the Multnomah Countyassessor's office.
The company has yet to reveal the price it is asking for itsMenlo Park headquarters. The 3.3-acre property holds a 38,000-sfbuilding and is valued at $3.7 million, according to the San MateoCounty assessor's office.
Leland James formed Consolidated Truck Lines in Portland in1929. The company went public in 1951 and moved to Menlo Park in1956 to be closer to the West Coast's financial center.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
