The following is a list of recent transactions
Batavia Holdings has accomplished a long term lease of 47 acres of industrial property on N.E. Fazio Way and Gertz road in the north transportation corridor of Interstate 5. Batavia will be constructing a large regional transportation facility for Federal Express Corporation. Todd represented the long term family ownership in this unique and complex transaction. Because the owners did not want to sell, a
rare long term ground lease had to be structured to meet stringent requirements for Federal Express and financing sources while also dealing with sensitive issues regarding sub-standard soils; wetlands and environmental concerns. Total Project Cost will exceed $20 million.
Dal-Tile Corporation is the largest manufacturer of ceramic tile in the U.S. but they
had been seeking a larger, more visible facility for their growing Portland operations.
Todd was able to assist Dal-Tile Corporation in securing a 10 year lease on a 47,000
sf warehouse in northwest Portland that will be renovated to double their space
and parking and create a unique “older industrial style” look. “Todd was able to help
us find and obtain what will be an excellent location with great visibility that will be
a cool retro industrial facility for our Portland operations” says Guy Boston the local
manager for Dal-Tile.
OPUS Northwest, the local arm of one of the largest developers in the U.S.
worked with Todd to accomplish a timely and market driven transaction for their
development; Columbia Gorge Corporate Center near the Portland Airport. This
property involved 29 acres of developable business park land and a 33,000 sf flex
building. Todd was able to obtain as buyer, Weston Investment, one of Portland’s
largest and most financially capable investor/developers. This transaction, at OPUS’
asking price was closed aggressively and successfully in 60 days. Todd is working
with Weston Investment Company in the master-planning and development of a
state of the art business park that will total 380,000 sf in numerous buildings at
total build-out.
Rexel Corporation, one of the largest international electrical supply companies
experienced a fire that destroyed their local distribution warehouse in southeast
Portland in the spring of 2006. Todd, working with their national real estate
representative secured a temporary warehouse in 30 days and then was able to
quickly survey the market and negotiate a 41,000 sf long term lease for a distribution
facility at Tualatin Corporate Center for occupancy in less than 180 days.
Baxter’s Auto Parts is a northwest icon in the Auto Parts Distribution Business. In
business, since 1936, Baxter’s now has 27 retail stores and a wholesale distribution
business but has badly been in need of more and consolidated warehouse space
that they wanted to own. After surveying over 20 buildings throughout Oregon,
Todd was able to locate a 150,000 sf distribution facility and negotiate a transaction
on behalf of Baxter’s in Hillsboro, Oregon with frontage and visibility on Hwy. 26.
Premier Manufacturing produces couplings and other accessories for the light to heavy duty truck industry. There is not a major trucking company in the world that does not utilize Premier’s products. In business since 1924, Premier has contemplated for over a decade an expansion and consolidation of their southeast operations that was located in several buildings. After a full year market search, Todd and Cascade Commercial was able to provide the market knowledge necessary to secure a 56,000 sf facility in Tualatin Oregon that Premier closed on and moved into in 2007. “We have worked with Todd for over 10 years and he stayed with us and kept providing us with up to date market information until we knew a move to a larger facility was necessary. Thanks to Todd we now have much more efficient and properly sized building for our operations at a great value” says Jeanne Gianella manager of Premier Manufacturing.
Alpine Foragers is a 15 year old rapidly growing Portland based company. They sell specialty food items to hotels, restaurants and food purveyors all over the world but they have been in need of a larger more flexible distribution facility plus after years of leasing the company founders wanted to own their facility. With a very tight acceptable geographical area that was based on daily trips to PDX, Cascade Commercial was able to located and negotiate on their behalf the sale of a 25,000 sf building less than a mile from their previous location.
