{"id":1004200611,"date":"2017-12-14T13:47:51","date_gmt":"2017-12-14T21:47:51","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004200611"},"modified":"2022-12-06T17:37:52","modified_gmt":"2022-12-07T01:37:52","slug":"cbre-secures-portland-industrial-asset-sale","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/cbre-secures-portland-industrial-asset-sale\/","title":{"rendered":"CBRE Secures Portland Industrial Asset Sale"},"content":{"rendered":"<p>By Adina Marcut<\/p>\n<div id=\"attachment_1004200613\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/172nd-NE-and-Sandy-Blvd-Gresham-Ore..png\" target=\"_blank\" rel=\"noopener noreferrer\"><img decoding=\"async\" aria-describedby=\"caption-attachment-1004200613\" data-attachment-id=\"1004200613\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/cbre-secures-portland-industrial-asset-sale\/172nd-ne-and-sandy-blvd-gresham-ore\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/172nd-NE-and-Sandy-Blvd-Gresham-Ore..png\" data-orig-size=\"800,631\" 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;0&quot;}\" data-image-title=\"172nd NE and Sandy Blvd, Gresham, Ore.\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/172nd-NE-and-Sandy-Blvd-Gresham-Ore..png?w=800\" loading=\"lazy\" class=\"wp-image-1004200613 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/172nd-NE-and-Sandy-Blvd-Gresham-Ore..png\" alt=\"172nd NE and Sandy Blvd, Gresham, Ore.\" width=\"300\" height=\"237\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/172nd-NE-and-Sandy-Blvd-Gresham-Ore..png 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/172nd-NE-and-Sandy-Blvd-Gresham-Ore..png?resize=300,237 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/172nd-NE-and-Sandy-Blvd-Gresham-Ore..png?resize=768,606 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004200613\" class=\"wp-caption-text\">172nd NE and Sandy Blvd, Gresham, Ore.<\/p><\/div>\n<p>CBRE represented Panattoni Development in the sale of a 12.6-acre industrial site at\u00a0Panattoni&#8217;s Portland Portal Distribution Center in Gresham, Ore. Andy Kangas, CBRE&#8217;s President worked on behalf of the seller. Macadam Forbes\u2019 brokers Rod Brokenshire\u00a0and Stu Peterson worked on behalf of the buyer, a local food distributor.<\/p>\n<p>Located at 172<sup>nd<\/sup> NE and Sandy Blvd, the Portland Portal Distribution Center is a few minutes north of\u00a0Interstate 84. The building is close to U.S. Bank, Pacific Northwest Carpenters Institute and CEVA Logistics. Additionally, the Portland International Airport is seven miles from the distribution center.<\/p>\n<p>The development marks the third major build-to-suit project in the\u00a0Northeast submarket in the past 24 months. The company sold the asset under a fee development arrangement, which made it attractive for the buyer.<\/p>\n<p>This transaction marks Panattoni\u2019s second in Portland&#8217;s Northeast submarket in the past year. The company&#8217;s latest transaction included the sale of Mary\u2019s Gone Crackers, a Class A <a href=\"https:\/\/www.commercialsearch.com\/news\/423-ksf-nv-industrial-center-changes-hands\/\">manufacturing and distribution center<\/a> in Reno, Nev. \u00a0<\/p>\n<p><em>Image via Google Street View<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The buyer of the nearly 13-acre industrial site is a local food distributor. The transaction marks the company\u2019s second in Portland&#8217;s Northeast submarket. <\/p>\n","protected":false},"author":436,"featured_media":1004200613,"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":[32789,33837],"class_list":["post-1004200611","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-industrial","category-latest","category-portland","category-west","tag-cbre","tag-panattoni-development-company"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>CBRE Secures Portland Industrial Asset Sale - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/cbre-secures-portland-industrial-asset-sale\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CBRE Secures Portland Industrial Asset Sale\" \/>\n<meta property=\"og:description\" content=\"The buyer of the nearly 13-acre industrial site is a local food distributor. 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