{"id":1004158869,"date":"2016-11-11T05:56:43","date_gmt":"2016-11-11T13:56:43","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004158869"},"modified":"2022-03-03T00:27:54","modified_gmt":"2022-03-03T08:27:54","slug":"jll-completes-36m-sale-of-pdx-logistics-center-ii","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/jll-completes-36m-sale-of-pdx-logistics-center-ii\/","title":{"rendered":"JLL Completes $36M Sale of PDX Logistics Center II"},"content":{"rendered":"<p>by Adina Marcut<\/p>\n<div id=\"attachment_1004158877\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/11\/PDX.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004158877\" data-attachment-id=\"1004158877\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/jll-completes-36m-sale-of-pdx-logistics-center-ii\/pdx\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/11\/PDX.jpg\" data-orig-size=\"1125,767\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"PDX\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/11\/PDX.jpg?w=1024\" class=\"wp-image-1004158877 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/11\/PDX.jpg\" alt=\"PDX Logistics Center\" width=\"300\" height=\"205\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/11\/PDX.jpg 1125w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/11\/PDX.jpg?resize=300,205 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/11\/PDX.jpg?resize=768,524 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/11\/PDX.jpg?resize=1024,698 1024w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004158877\" class=\"wp-caption-text\">PDX Logistics Center<\/p><\/div>\n<p><strong>Portland<\/strong>\u2014<a href=\"https:\/\/www.capstonepartnerslp.com\/\" rel=\"nofollow noopener\" target=\"_blank\">Capstone Partners LLC<\/a> and <a href=\"https:\/\/pccpllc.com\/\" rel=\"nofollow noopener\" target=\"_blank\">PCCP LLC<\/a>, aided by <a href=\"https:\/\/www.us.jll.com\/united-states\/en-us\" rel=\"nofollow noopener\" target=\"_blank\">JLL<\/a> Capital Markets, announced the sale of PDX Logistics Center II, a brand new, Class A, 355,200-square-foot <a href=\"https:\/\/www.commercialsearch.com\/news\/industrial\/\" target=\"_blank\" rel=\"noopener\">industrial <\/a>asset in Portland. <a href=\"https:\/\/www.clarionpartners.com\/Pages\/default.aspx\" rel=\"nofollow noopener\" target=\"_blank\">Clarion Partners<\/a> purchased the fully leased property for $36.2 million.<\/p>\n<p>\u201cPDX Logistics Center II is a superior asset that benefits from being fully leased by two institutional credit tenants, (\u2026) this presented investors with an opportunity to take advantage of a secure cash flow in a newly constructed building,\u201d Mark Detmer, managing director at JLL, said in a prepared statement.<\/p>\n<p>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.<\/p>\n<p>Located in the NE Columbia Corridor, right next to the 491,000-square-foot Phase I building, <a href=\"https:\/\/www.commercialsearch.com\/news\/new-milestone-for-major-portland-industrial-project\/\" target=\"_blank\" rel=\"noopener\">PDX Logistics Center II<\/a> provides tenants with easy access to Portland\u2019s essential infrastructure, including PDX International Airport, Interstates 5, 205 and 84, and TRI-MET Light Rail.<\/p>\n<p>Managing directors Mark Detmer, Buzz Ellis and Bo Mills and Senior Vice President Paige Morgan led the JLL team on the sale.<\/p>\n<p><em>Image courtesy of Capstone Partners<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Class A, 355,200-square-foot asset was sold to Clarion Partners.<\/p>\n","protected":false},"author":2518,"featured_media":1004158877,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21748,21742,28440,15],"tags":[],"class_list":["post-1004158869","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-industrial","category-latest","category-portland","category-west"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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