JLL Completes $36M Sale of PDX Logistics Center II
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PDX Logistics Center
Portland—Capstone Partners LLC and PCCP LLC, aided by JLL Capital Markets, announced the sale of PDX Logistics Center II, a brand new, Class A, 355,200-square-foot industrialasset in Portland. Clarion Partners purchased the fully leased property for $36.2 million.
“PDX Logistics Center II is a superior asset that benefits from being fully leased by two institutional credit tenants, (…) this presented investors with an opportunity to take advantage of a secure cash flow in a newly constructed building,” Mark Detmer, managing director at JLL, said in a prepared statement.
The building includes state-of-the-art features such as ESFR sprinklers, a 140-foot truck court, 32-foot clear height, 65 dock high doors and four grade-level doors. The building is also equipped with low-cost T-5 lighting and 6,000 square feet of office space…
