Thank you for sharing!

Your article was successfully shared with the contacts you provided.

PORTLAND-Fuji Photo Film USA has leased 27,000-sf of shell space at Catellus Development’s 230-acre Southshore Corporate Park for a film processing center. Fuji leased the shell space for five years at the going rate of around 36 cents per sf per month and now is engaged in a multi-million build out.

Ted Nicholson and Marty Horeis of CB Richard Ellis represented Fuji in the deal. Tom Talbot and Steve Barragar of Grubb & Ellis represented building owner Catellus Development Corp. Neither would comment on the deal, citing non-disclosure agreements. Fuji’s Tom Shay, who is in town overseeing the tenant improvements, deferred inquiries to a public relations person in New York who was not immediately available. As a result, it’s unclear when the company hopes to be up and running at the facility.

Fuji is believed to be backfilling part of the 85,000-sf recently vacated by Centric Corp. Other current corporate projects include Frito Lay, which is underway on an 80,000-sf building, and Alexander Moving & Storage of Tustan, CA, which recently broke ground on a 110,000-sf distribution center.

Catellus, meanwhile, is close to breaking ground on 183,000-sf of speculative space. The project includes two buildings, one 95,000 sf and the other 88,000 sf. All told, about 850,000 sf has been built and occupied at Southshore since Catellus closed on the property in July 1998. About 450,000 sf of that — including the Centric space — is owned by Catellus.

In Catellus’ buildings are Synetics Solutions (155,000 sf), Spicer Paper (90,000 sf), Danner Shoe Co. (55,000-sf), Implant Center (45,000 sf) and Recor Services (18,000 sf). In their own buildings at the park are E.J. Bartell’s Co. (110,000-sf) and Bridgestone (294,000 sf). United Parcel Service also has picked up 51 acres for a prototype distribution hub, but has not yet determined when it will break ground on the project.

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 Fall 2021Event

This conference brings together the industry's most influential & 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.