Thank you for sharing!

Your article was successfully shared with the contacts you provided.

BEAVERTON, OR-The local school district here is on the hunt for new land to meet rapid enrollment growth, and in at least one case that may mean condemnation procedings. The district successfully acquired the 13.84-acre former Yamamoto Manufacturing site recently, but is having more trouble coming to terms with owners of the 100-acre former Teufel Nursery property off Barnes Road in unincorporated Washington County.

“Our negotiations haven’t gotten us to where we want to be — price-wise and in terms of exactly we would like to be on the property,” Facilities Administrator Michael C. Maloney tells GlobeSt.com Friday morning. “They have a little over 100 acres and we are looking for 18 of it … for an elementary school, a middle school or a combination of the two (K-8).”

Much easier went the $4.99-million acquisition of Yamamoto Manufacturing USA’s 14-acre site in the 1200 block of Northwest 167th Place, south of Cornell Road. The poroperty, which Michaels says includes a 45,000-sf warehouse building with 5,000-sf of office space, appraised out at more than $6 million and was listed for $7 million. The site will be a maintenance facility for some 250 buses and also provide warehousing space for other district purposes.

Yamamoto, a circuit board manufacturer, closed its Beaverton location last year and consolidated the workers into the firm’s U.S. headquarters in San Jose, CA. Norris Beggs & Simpson senior vice president Jack McConnell and senior marketing guy Isaac Quintero represented Yamamoto. Nick Gantman, a principal at Macadam Forbes, represented the school district.

Finally, Maloney says the district also is in negotiations for 10 acres immediately east of Portland Community College’s Rock Creek campus, also for a new school. The question about the property is when it will be within the urban growth boundary and ready for development. Regardless, Maloney says the district wants to be in control of it. “If it’s outside the UGB, we’ll wait to build on it; if it’s inside, it may well be the district’s next elementary school.”

The district is working with $175 million garnered through a 2000 bond measure and is looking for a total of 95 acres to meet demand that grew enrollment by 34% over the past decade, from about 25,000 in 1990 to more than 33,000 in 2000.

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. NET LEASE Spring 2021Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information

GlobeSt. NET LEASE Awards 2021Event

These awards honor the industry's most influential and knowledgeable real estate executives from the net lease sector.

Get More Information


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 © 2021 ALM Media Properties, LLC. All Rights Reserved.