"It fits nicely with our strategy to develop and acquirehigh-quality properties in the Portland Metropolitan area," saidTom Stern, principal of Pacific Northwest Properties, as part of anannouncement.
Beveland is anchored by Paychex Inc., which occupies 30,000-sfin the building and is the only announced tenant. The building islocated off Highway 217, north of 72nd Street at 7650 BevelandRd.
Trammell Crow developed, leased, managed, and sold the buildingin just 14 months on behalf of a third party equity investment fundnamed operating under Beveland Corporate Center LP. TCC also pooledthe investor money and sourced the necessary financing for theproject.
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