PORTLAND, OR—Consolidated Freightways is selling its Menlo Park, CA HQ and consolidating its operations in the Portland-Vancouver area where it began operations more than 70 years ago. Which side of the Columbia River won’t be determined for several weeks, but Intel officials are said to be eying a 489,000-sf building on 39 acres in East Vancouver that used to be Hewlett-Packard’s north campus. H-P sold the property to PacTrust earlier this year for $14.5 million and vacated the space this past weekend.

However, the trucking company also owns the Leland James Center, a Portland office complex it built in the late 1980s (and named after its founder) at 1621 NW 21St. Ave. It has 342,662 sf of space and is valued at $22 million, according to the Multnomah County assessor’s office.

The company has yet to reveal the price it is asking for its Menlo Park headquarters. The 3.3-acre property holds a 38,000-sf building and is valued at $3.7 million, according to the San Mateo County assessor’s office.

Leland James formed Consolidated Truck Lines in Portland in 1929. The company went public in 1951 and moved to Menlo Park in 1956 to be closer to the West Coast’s financial center.

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