X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

SALEM, OR-Two Japanese companies are apparently negotiating for the development of manufacturing facilities in the region in 2002, one in Portland and another in Salem. Oregon Gov. John Kitzhaber, back this week from a trade mission to Asia, says he can ‘t reveal any details other than one would manufacture sports equipment in the Portland area and the other wants to produce printer components in Salem.

It’s that kind of ongoing interest in the market that, as reported in GlobeSt.com a few months ago, has San Francisco-based Catellus and developing 180,000-sf of speculative industrial space at Southshore Corporate Park on the Northeastern edge of Portland’s city limits.

In August, Fuji Photo Film USA backfilled 27,000-sf of shell space at Southshore recently vacated by Centric Corp. 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.

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 an 110,000-sf distribution center. 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.

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).

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
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt. NET LEASE Awards 2020Event

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

Get More Information
 

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 © 2020 ALM Media Properties, LLC. All Rights Reserved.