The lease transaction is one of several that have been sewn upin recent weeks. Kaiser Foundation Health Plans of the Northwestsigned a 10-year lease for 16,500 sf of R&D space at 14161 NEAirport Way in Portland. The space includes 2,000 sf of office. Thelessor was Calwest Industrial Holdings, which was represented byDavid Kotansky of Rreef. Donn M. Sullivan of Grubb & Ellisrepresented Kaiser. The blended asking rate for the space was $0.55per sf. Net effective rents are generally running about 10% belowthat due to owner concessions.

A few weeks ago, a similar sized deal closed when Pacific OfficeAutomation inked a five-year renewal with PS Business Parks for17,056 sf in Parkside at Cornell Oaks, which is located at 15400 NWGreenbrier Parkway in Beaverton, Ore. The lease rate on this dealis said to be in the high $0.90s per sf. PS was representedin-house by Darci Duffy. Talbot and Barragar represented PacificOffice Automation.

Talbot and Barragar also brokered a five-year, 9,943-sf leasefor Brighton-Best Socket Screw Manufacturing at 13617 NE JarrettStreet in Portland. The lessors were Steve and Angie Ostling. Theywere represented by Tom Dechenne and Ken Boyko of Norris Beggs& Simpson. The asking rate for the space was $0.37 per sf permonth, triple-net.