Timberline Software Corp. is expanding its employee base faster than it can build on its 7-acre piece of Cornell Oaks Corporate Park.

Packed into one 89,000 sf building on the property, Timberline is currently seeking approval from the City of Beaverton to build out its lot by adding 30,000 sf wing to its existing building, and constructing a separate, 50,000-sf building and a parking structure next to it, Timberline CFO Carl Asai tells GlobeSt.com.

“We’re progressing with our campus expansion plans, but we need the space now,” says Asai, whose company has grown from 408 employees to 470 since the start of the year. “We’re pretty tightly packed in here.”

A public hearing on the company’s master plan for the site is scheduled for later this month. In the meantime, Timberline is having to lease nearby space in the Prudential-owned Summit Building, which sits three-tenths of a mile away from Cornell Oaks at 1260 N.W. Waterhouse Ave.

Timberline is just about to occupy the 24,000-sf third floor of the building, which was recently vacated by Nike. A year from now, Nike will vacate the second floor as well, and Timberline will take over that space, giving it 48,750 sf in the building.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2023 ALM Global, LLC. All Rights Reserved.