{"id":1004675619,"date":"2023-08-10T07:56:12","date_gmt":"2023-08-10T15:56:12","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004675619"},"modified":"2023-12-18T02:45:14","modified_gmt":"2023-12-18T10:45:14","slug":"stag-industrial-picks-up-portland-industrial-center","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/stag-industrial-picks-up-portland-industrial-center\/","title":{"rendered":"STAG Industrial Picks Up Portland Industrial Center"},"content":{"rendered":"
\"\"<\/a>

Recent renovations were completed at Beaverton Industrial Center. Image courtesy of Cushman & Wakefield<\/em><\/p><\/div>\n

STAG<\/strong> Industrial<\/strong> has purchased Beaverton Industrial Center, a recently upgraded 121,426-square-foot industrial campus in Beaverton, Ore., for $20.6 million. Cushman & Wakefield<\/strong> negotiated on behalf of the seller, BKM<\/strong> Capital<\/strong> Partners<\/strong>. The property previously changed hands in 2021 for $15.4 million, according to CommercialEdge.<\/p>\n

BKM Capital made several purchases in 2023. One major deal involved a 740,000-square-foot light industrial portfolio<\/a> that the firm acquired for nearly $158 million in partnership with Investcorp.<\/p>\n

A recently renovated industrial campus near Portland<\/h2>\n

The two-building industrial complex came online in 1966 at 5805 and 5807 SW 107th Ave. and underwent extensive renovations in 2021. The property features 28-foot clear heights, ESFR sprinkler systems, 23 dock-high doors, three grade-level doors and ample parking, the same source shows. The facilities were fully leased at the time of sale.<\/p>\n

Beaverton Industrial Center occupies 6 acres off U.S. Highway 217, close to Interstate 5. The location is 7 miles from Portland, Ore., 19 miles from Portland International Airport and 20 miles from The Port of Portland.<\/p>\n

Cushman & Wakefield Executive Vice Chairmen Jeff Chiate and Jeffrey Cole, Vice Chairman Bryce Aberg and Rick Ellison, Director Mike Adey, Senior Associate Zach Harman and Associate Brad Brandenburg represented BKM Capital Partners. The company\u2019s Executive Managing Director Aaron Watt and Executive Director Keegan Clay also assisted with local market expertise.<\/p>\n

In terms of industrial rent growth, the West scored significant increases as of June, maintaining its position as the priciest market, a recent CommercialEdge report<\/a> shows. With the national rate up 7.4 percent year-over-year, Portland made it in top 10 markets by year-over-year change in average rents, with a 7.7 percent gain.<\/p>\n","protected":false},"excerpt":{"rendered":"

The property was fully leased at the time of sale.<\/p>\n","protected":false},"author":2991,"featured_media":1004675621,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21748,21783,21742,28440,15],"tags":[33648,34908,35970],"class_list":["post-1004675619","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industrial","category-investment","category-latest","category-portland","category-west","tag-bkm-capital-partners","tag-cushman-wakefeld","tag-stag-industrial"],"acf":[],"yoast_head":"\nSTAG Industrial Picks Up Portland Industrial Center - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"STAG Industrial has purchased Beaverton Industrial Center, a recently upgraded 121,426-square-foot industrial center in Beaverton, Ore.\" \/>\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\/stag-industrial-picks-up-portland-industrial-center\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"STAG Industrial Picks Up Portland Industrial Center\" \/>\n<meta property=\"og:description\" content=\"STAG Industrial has purchased Beaverton Industrial Center, a recently upgraded 121,426-square-foot industrial center in Beaverton, Ore.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/stag-industrial-picks-up-portland-industrial-center\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2023-08-10T15:56:12+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-12-18T10:45:14+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/08\/Beaverton-industrial-center-e1691562786949.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2072\" \/>\n\t<meta property=\"og:image:height\" content=\"1554\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Simona Tudose\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/stag-industrial-picks-up-portland-industrial-center\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/stag-industrial-picks-up-portland-industrial-center\/\",\"name\":\"STAG Industrial Picks Up Portland Industrial Center - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/stag-industrial-picks-up-portland-industrial-center\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/stag-industrial-picks-up-portland-industrial-center\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/08\/Beaverton-industrial-center-e1691562786949.jpg\",\"datePublished\":\"2023-08-10T15:56:12+00:00\",\"dateModified\":\"2023-12-18T10:45:14+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/4659e2337f06b61cefc6b0b897d183a4\"},\"description\":\"STAG Industrial has purchased Beaverton Industrial Center, a recently upgraded 121,426-square-foot industrial center in Beaverton, Ore.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/stag-industrial-picks-up-portland-industrial-center\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/stag-industrial-picks-up-portland-industrial-center\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/stag-industrial-picks-up-portland-industrial-center\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/08\/Beaverton-industrial-center-e1691562786949.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/08\/Beaverton-industrial-center-e1691562786949.jpg\",\"width\":2072,\"height\":1554},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/stag-industrial-picks-up-portland-industrial-center\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"STAG Industrial Picks Up Portland Industrial Center\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/4659e2337f06b61cefc6b0b897d183a4\",\"name\":\"Simona Tudose\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/SimonaTudose_AuthorPhoto.jpg?w=79\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/SimonaTudose_AuthorPhoto.jpg?w=79\",\"caption\":\"Simona Tudose\"},\"description\":\"Simona Tudose is an Associate Editor with Commercial Property Executive and Multi-Housing News. She joined the CPE-MHN team in July 2022 and writes news about industrial, office and manufactured housing sectors. You can reach out to her at simona.tudose@cpe-mhn.com.\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/simona-tudose\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"STAG Industrial Picks Up Portland Industrial Center - Commercial Property Executive","description":"STAG Industrial has purchased Beaverton Industrial Center, a recently upgraded 121,426-square-foot industrial center in Beaverton, Ore.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/stag-industrial-picks-up-portland-industrial-center\/","og_locale":"en_US","og_type":"article","og_title":"STAG Industrial Picks Up Portland Industrial Center","og_description":"STAG Industrial has purchased Beaverton Industrial Center, a recently upgraded 121,426-square-foot industrial center in Beaverton, Ore.","og_url":"https:\/\/www.commercialsearch.com\/news\/stag-industrial-picks-up-portland-industrial-center\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2023-08-10T15:56:12+00:00","article_modified_time":"2023-12-18T10:45:14+00:00","og_image":[{"width":2072,"height":1554,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/08\/Beaverton-industrial-center-e1691562786949.jpg","type":"image\/jpeg"}],"author":"Simona Tudose","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/stag-industrial-picks-up-portland-industrial-center\/","url":"https:\/\/www.commercialsearch.com\/news\/stag-industrial-picks-up-portland-industrial-center\/","name":"STAG Industrial Picks Up Portland Industrial Center - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/stag-industrial-picks-up-portland-industrial-center\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/stag-industrial-picks-up-portland-industrial-center\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/08\/Beaverton-industrial-center-e1691562786949.jpg","datePublished":"2023-08-10T15:56:12+00:00","dateModified":"2023-12-18T10:45:14+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/4659e2337f06b61cefc6b0b897d183a4"},"description":"STAG Industrial has purchased Beaverton Industrial Center, a recently upgraded 121,426-square-foot industrial center in Beaverton, Ore.","breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/stag-industrial-picks-up-portland-industrial-center\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/stag-industrial-picks-up-portland-industrial-center\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/stag-industrial-picks-up-portland-industrial-center\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/08\/Beaverton-industrial-center-e1691562786949.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/08\/Beaverton-industrial-center-e1691562786949.jpg","width":2072,"height":1554},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/stag-industrial-picks-up-portland-industrial-center\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"STAG Industrial Picks Up Portland Industrial Center"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/4659e2337f06b61cefc6b0b897d183a4","name":"Simona Tudose","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/SimonaTudose_AuthorPhoto.jpg?w=79","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/SimonaTudose_AuthorPhoto.jpg?w=79","caption":"Simona Tudose"},"description":"Simona Tudose is an Associate Editor with Commercial Property Executive and Multi-Housing News. She joined the CPE-MHN team in July 2022 and writes news about industrial, office and manufactured housing sectors. You can reach out to her at simona.tudose@cpe-mhn.com.","url":"https:\/\/www.commercialsearch.com\/news\/author\/simona-tudose\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/08\/Beaverton-industrial-center-e1691562786949.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004675619","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/2991"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004675619"}],"version-history":[{"count":10,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004675619\/revisions"}],"predecessor-version":[{"id":1004694472,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004675619\/revisions\/1004694472"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004675621"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004675619"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004675619"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004675619"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}