Claim Jumpers, REI, Nordstrom Eye Retail Portion of Cascade Station Development

PORTLAND-MBK Northwest is drawing lots of retail interest for its portion of Cascade Station, a 120-acre commercial park being developed by Trammell Crow Co. and Bechtel Enterprises along the airport light rail line on south side of Northeast Airport Way.

The Lake Oswego-based retail developer this morning confirmed negotiations that would bring in a host of retail stores including Nordstrom Rack and Recreational Equipment Inc. and a large-format restaurant chain out of California called Claim Jumpers that has not yet entered the Oregon market. Staples, Borders Books & Music and Linens & Things are also said to be negotiating for space, along with several others.

An 18-screen movie theater planned for the development has been put on the back burner, reportedly because of a glut of new movie screens in the city. MBK Northwest president Mason Frank was not immediately available for comment.

Lake Oswego-based MBK Northwest is a division of Irvine, CA-based MBK Real Estate Ltd. with a history of repositioning underperforming retail assets. Significant regional projects include the 800,000 sf Jantzen Beach SuperCenter here, the 650,000 sf Parkway SuperCenter in Tukwila, WA and SeaTac Village, a 350,000 sf retail center in Federal Way, WA