{"id":1004383820,"date":"2020-01-20T06:24:08","date_gmt":"2020-01-20T14:24:08","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004383820"},"modified":"2021-05-15T06:12:22","modified_gmt":"2021-05-15T14:12:22","slug":"stockbridge-sells-fully-leased-portland-industrial-asset","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/stockbridge-sells-fully-leased-portland-industrial-asset\/","title":{"rendered":"Stockbridge Sells Fully Leased Portland Industrial Asset"},"content":{"rendered":"<div id=\"attachment_1004383952\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/01\/11632-NE-Ainsworth-Circle.png\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" aria-describedby=\"caption-attachment-1004383952\" data-attachment-id=\"1004383952\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/stockbridge-sells-fully-leased-portland-industrial-asset\/11632-ne-ainsworth-circle\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/01\/11632-NE-Ainsworth-Circle.png\" data-orig-size=\"784,588\" 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=\"11632 NE Ainsworth Circle\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/01\/11632-NE-Ainsworth-Circle.png?w=784\" loading=\"lazy\" class=\"wp-image-1004383952 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/01\/11632-NE-Ainsworth-Circle.png\" alt=\"\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/01\/11632-NE-Ainsworth-Circle.png 784w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/01\/11632-NE-Ainsworth-Circle.png?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/01\/11632-NE-Ainsworth-Circle.png?resize=768,576 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004383952\" class=\"wp-caption-text\">11632 NE Ainsworth Circle. <em>Image via Google Maps<\/em><\/p><\/div>\n<p>Stockbridge has sold a 126,303-square-foot industrial facility in Portland, Ore., for $16.2 million. The asset last changed hands in 2014, when the company acquired it for $27.8 million, in a portfolio sale from Industrial Property Trust, according to public records. JLL Capital Markets represented the seller in the transaction.<\/p>\n<p>Located at 11632 NE Ainsworth Circle, the property is triple-net leased to Johnstone Supply Inc., which has occupied the facility since its construction in 1991. Currently serving as the firm\u2019s global headquarters, the distribution center features 24-foot clear heights, 18 dock-high doors, one drive-in grade-level door and office space.<\/p>\n<p>The warehouse is in the NE Columbia Corridor Submarket, roughly 3 miles from Portland International Airport and 11 miles from the Port of Portland\u2019s Terminals Two, Four, Five and Six. Additionally, the property is less than 1 mile east of Interstate 205 and approximately 3 miles from its interchange with Interstate 84.<\/p>\n<p>JLL Managing Directors Mark Detmer, Bo Mills and Buzz Ellis, along with Senior Director Ryan Sitov and Director Adam Taylor, negotiated the deal on behalf of the seller. Last November, <a href=\"https:\/\/www.commercialsearch.com\/news\/stockbridge-adds-8-7-msf-to-growing-industrial-holdings\/\">Stockbridge expanded its industrial footprint<\/a> with the acquisition of an 8.7 million-square-foot logistics portfolio featuring 17 fully stabilized properties in nine U.S. markets.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The company acquired the property in 2014 as part of a larger portfolio transaction.<\/p>\n","protected":false},"author":867,"featured_media":1004383952,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21748,21783,21742,28440,15],"tags":[36548,36947,44006,44465],"class_list":["post-1004383820","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-industrial","category-investment","category-latest","category-portland","category-west","tag-bo-mills","tag-buzz-ellis","tag-jll-capital-markets","tag-stockbridge"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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