In 2015, Specht Development, Inc. entered into an agreement to purchase 43 acres of industrial zoned land located adjacent to the Port of Vancouver, WA (in the NE quadrant of the intersection of SR 501 and NW 31st). This will be a multi-phase project, which at final build out, is projected to consist of approximately 800,000 sf of state-of-the-art industrial space. Specht anticipates that Phase 1 will be 352,000 sf and will be delivered in the fall of 2016.
In 2011, Specht Develoment, Inc. entered into an agreement to purchase 108 acres of land located adjacent to the Woodburn Winco Foods Distribution Center (in the SE quadrant of the intersection of Butteville Road and Highway 219, Wooburn, OR). Specht anticipates that this property will accommodate up to 2 million square feet of industrial space. The property is currently outside of the City of Woodburn’s Urban Growth Boundary (UGB). The Oregon State Land Conservation and Development Commission approved the expansion in 2007. In April of 2015, the City announced an agreement with the appellants of the UGB expansion. The City anticipates that the UGB expansion will be finalized by the end of 2015. Thus, development on this property could commence as early as 2016.
Specht Development, Inc. was hired by Valley Catholic High School as the project manager for their new science center. Brian C. Jackson, LLC is the architect and Lease Crutcher Lewis will serve as the general contractor. The property is part of the Sisters of St. Mary Oregon campus in Beaverton. The two-story, 13,000 sf science building will contain five state-of-the-art science labs. Site work started in 2015 and the construction of the building is expected to be completed in 2016.
Specht 306 LLC, an affiliate of Specht Development, Inc. purchased an 18,336 sf industrial building located at 306 SE 8th Avenue in Portland, OR. The existing tenant, Nu-way Printing, occupies the first floor. Building improvements are planned to allow creative office use on the 2nd floor.
The building was originally constructed in 1946 on a 19,090 sf lot. It offers abundant natural light from the existing window line and skylights. There is off-street parking and the building is just a few blocks from the eastside street car and numerous bus lines. There is significant new development and redevelopment of other existing buildings taking place in the immediate area, including residential, retail and office space.
PCCP, LLC and Specht Development, Inc. formed a joint venture to speculatively develop the Interstate Crossroads Distribution Center. The project is a Class A, 493,000 square-foot industrial building in the Airport Way cooridor. Situated on 28 acres of land, the distribution center will offer 32′ clear height and sufficient bay depths to divide the building into multiple suites. The project will break ground in June 2014 and is expected to be completed summer of 2015.
Huntair, Inc., a global manufacturer of air management equipment, chose Specht Development, Inc. to oversee the project management of their facility relocation. Huntair provides air-handling solutions for building interiors and manufacturing processes including cleanroom ceiling systems. The company's industrial HVAC applications are used in biotechnology and pharmaceutical manufacturing, aerospace and hospitals.
Bob Burns, Vice President of Construction at Specht Development, Inc. will coordinate and facilitate the planning, design, permitting and fit-up of a 315,000 square-foot facility in Tualatin, OR. The Huntair relocation is expected to be completed in the later part of 2012.
The MedCure, Inc. organization, specializing in providing facilities for medical research and training, hired Specht Development, Inc. as the Project Manager to oversee the construction of their new 20,000 square foot building located in Gresham, Oregon. Construction of the new facility started in October 2011.
The project, which was completed in March 2012, includes offices, a state-of-the-art laboratory and operating room space for medical research. The facility was designed to provide an attractive, street-oriented building and supports a substantial number of family-wage jobs for the community. MedCure also has facilities in Nevada and Rhode Island.
BEAVERTON, Oregon – Gregory Specht, CEO of Specht Development and President of Specht Properties, Inc. announced today the addition of two new staff members. Patricia Andresen joined Specht Properties, Inc. as a property manager and Peter Skei has joined Specht Properties, Inc. for an internship as an assistant project manager.
Vancouver, Washington – The development of the Farwest Steel Service Center project is currently underway and is scheduled to be ready for occupancy by early 2012. The design calls for approximately 350,000 SF of manufacturing and distribution space along with an approximately 20,000 SF freestanding office building.
Specht was hired by Farwest to manage all aspects of the project, from site selection through completion of construction. After evaluating several sites in the region, property at the Port of Vancouver USA was ultimately selected. As part of the negotiations for the sale of Port land to Farwest (an action the Port has historically avoided) several long-term commitments related to job-creation and use restrictions were made. Numerous incentive programs, grants, tax credits, and alternative financing mechanisms were explored. The project is anticipated to employ over 200 people in Clark County, at average wages of approximately $40,000, plus benefits.
Beaverton, Ore. – Gregory L. Specht, Chief Executive Officer of Specht Properties, Inc. announced today that Brent Hedberg has joined the company as a project manager.
Hedberg’s focus will be to perform due diligence on new projects, coordinate outside contractors and consultants, monitor project timelines, prepare project marketing materials and assist in developing new markets.
Before joining Specht Properties, Hedberg was an accounting consultant for Rocky Bay International Company based in Portland.
“We are excited to add this young man to our Specht team, “said Specht. “The complexity of today’s commercial real estate development market demands the pooling of new talent with our seasoned professionals.”
Hedberg graduated in 2006 with a bachelor’s degree in business administration-accounting from Oregon State University, specializing in construction engineering management.