JLL Completes $36M Sale of PDX Logistics Center II

The Class A, 355,200-square-foot asset was sold to Clarion Partners.

PDX Logistics CenterPDX Logistics Center

PortlandCapstone 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…

JLL Completes $36M Sale of PDX Logistics Center II

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