{"id":1004196449,"date":"2017-11-07T06:48:37","date_gmt":"2017-11-07T14:48:37","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004196449"},"modified":"2022-12-08T16:26:56","modified_gmt":"2022-12-09T00:26:56","slug":"cw-secures-330-ksf-industrial-asset","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/cw-secures-330-ksf-industrial-asset\/","title":{"rendered":"C&amp;W Secures Sale of 330 KSF Industrial Asset"},"content":{"rendered":"<p>By Adina Marcut<\/p>\n<div id=\"attachment_1004196451\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/19855-SW-124th-Ave_Aerial.jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img decoding=\"async\" aria-describedby=\"caption-attachment-1004196451\" data-attachment-id=\"1004196451\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/cw-secures-330-ksf-industrial-asset\/19855-sw-124th-ave_aerial\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/19855-SW-124th-Ave_Aerial.jpg\" data-orig-size=\"800,608\" data-comments-opened=\"0\" 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;1&quot;}\" data-image-title=\"19855 SW 124th Ave_Aerial\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/19855-SW-124th-Ave_Aerial.jpg?w=800\" loading=\"lazy\" class=\"wp-image-1004196451 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/19855-SW-124th-Ave_Aerial.jpg\" alt=\"19855 SW 124th Ave., Tualatin, Ore. Aerial Photo\" width=\"300\" height=\"228\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/19855-SW-124th-Ave_Aerial.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/19855-SW-124th-Ave_Aerial.jpg?resize=300,228 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/19855-SW-124th-Ave_Aerial.jpg?resize=768,584 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004196451\" class=\"wp-caption-text\">19855 SW 124th Ave., Tualatin, Ore. Aerial Photo<\/p><\/div>\n<p>Cushman &amp; Wakefield has arranged the $26.5 million sale of a 329,474-square-foot, single-tenant industrial campus located in Tualatin, Ore. An affiliate of Meriwether Partners acquired the asset from Huntair Properties LLC.<\/p>\n<p>Located at 19855-19866 SW 124<sup>th<\/sup>\u00a0Ave.,\u00a0on approximately 25 acres, the multi-building campus offers convenient access to Oregon Route 99W and Interstate 5. The industrial\u00a0complex\u00a0features nearly 33,000 square feet of office space, 39 grade-level doors, 14 dock doors, heavy power, LED lightning and 291 parking spaces.<\/p>\n<h2>Single-tenant campus<\/h2>\n<p>The three-building campus serves as Nortek Air Solutions LLC\u2019s headquarters and manufacturing facility. The company is the only tenant in the campus and uses the space for various services, including sales, project management, engineering, manufacturing, assembly and others.<\/p>\n<div id=\"attachment_1004196452\" style=\"width: 310px\" class=\"wp-caption alignleft\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/19855-SW-124th-Ave_Building_Photo.jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img decoding=\"async\" aria-describedby=\"caption-attachment-1004196452\" data-attachment-id=\"1004196452\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/cw-secures-330-ksf-industrial-asset\/19855-sw-124th-ave_building_photo\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/19855-SW-124th-Ave_Building_Photo.jpg\" data-orig-size=\"800,618\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;5.6&quot;,&quot;credit&quot;:&quot;Nick Grier Photography&quot;,&quot;camera&quot;:&quot;Canon EOS-1Ds Mark III&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1463088563&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;18&quot;,&quot;iso&quot;:&quot;250&quot;,&quot;shutter_speed&quot;:&quot;0.00125&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"19855 SW 124th Ave_Building_Photo\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/19855-SW-124th-Ave_Building_Photo.jpg?w=800\" loading=\"lazy\" class=\"wp-image-1004196452 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/19855-SW-124th-Ave_Building_Photo.jpg\" alt=\"19855 SW 124th Ave., Tualatin, Ore. Building Photo\" width=\"300\" height=\"232\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/19855-SW-124th-Ave_Building_Photo.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/19855-SW-124th-Ave_Building_Photo.jpg?resize=300,232 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/19855-SW-124th-Ave_Building_Photo.jpg?resize=768,593 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004196452\" class=\"wp-caption-text\">19855 SW 124th Ave., Tualatin, Ore. Building Photo<\/p><\/div>\n<p><em>\u201cPortland(,Ore.)\u2019s industrial market has remained white-hot the past several years. Vacancy across Portland remains at historical lows with the Tualatin submarket, where the Nortek Campus is located, a mere 2.4 percent vacant,\u201d<\/em> Aaron Watt said in a statement. \u201c<em>Further, the Tualatin submarket ranks among the strongest growth areas in the region with\u00a0more than 412,000 square feet of occupancy growth year-to-date.\u201d<\/em><\/p>\n<p>Senior Directors Jim Lewis and Gary Griff of Cushman &amp; Wakefield Capital Market in Portland\u2019s office, along with with Director Aaron Watt, represented the buyer in the transaction. Macadam Forbes\u2019 Stu Peterson and Rhys Conrad worked on behalf of the seller.\u00a0Recently, Cushman &amp; Wakefield completed upgrades to its <a href=\"https:\/\/www.commercialsearch.com\/news\/cw-completes-upgrades-of-own-portland-office\/\">downtown Portland office<\/a>.\u00a0<\/p>\n<p><em>Images courtesy of Cushman &amp; Wakefield<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The multi-building campus sits on approximately 25 acres and is leased to a single tenant, Nortek Air Solutions LLC, which uses the space as its headquarters and manufacturing facility. <\/p>\n","protected":false},"author":436,"featured_media":1004196451,"comment_status":"closed","ping_status":"closed","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-1004196449","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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