In December of 2020, Specht Development, Inc. (“Specht”) executed a Master Development Agreement with the Port of Portland (“Port”), to develop Lot 5 in the Gresham Vista Business Park (“GV5”). GV5 is approximately 48-acres in size and remains one of the Port’s largest parcels of undeveloped land, which will serve as a critical site for […]

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Specht is pleased to announce the recent addition of Tyler Reeves as Project Assistant. Tyler will be working closely with Project Managers to coordinate due diligence studies & reports and prepare financial analyses on potential development projects. In addition, he will conduct market research and assist with the development of business plans in new markets. […]

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A joint venture between real estate funds managed by Ares Management, L.P. (NYSE: ARES) and an affiliate of Specht Development, Inc. announced the $48.5 million purchase of an industrial facility located on 62 acres at 6433 SE Lake Road in Milwaukie, Oregon, a submarket of the greater Portland, Oregon area. The transaction closed on October […]

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In January 2018, The Specht Company, as General Partner of Stafford Limited Partnership, sold the Stafford Distribution Center to Downtown Development Group, LLC for $28,150,000. The 249,519 sf industrial property, consisting of four buildings, is located in Wilsonville, Oregon, just 15 miles south of Portland. The site contains four high-cube industrial warehouse buildings. Specht Properties, Inc. […]

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In 2011, Specht Development, 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. […]

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Industrial real estate professionals, including Todd Sheaffer of Specht Development, Inc., shared their views of the Portland industrial real estate market at the NAIOP Developers Breakfast on November 15, 2017. The four-person panel discussed issues related to rapid employment growth, lack of local industrial sites and Amazon’s impact in Oregon. https://www.bizjournals.com/portland/news/2017/11/15/four-views-on-the-health-future-of-portlands.html    

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Specht Development, Inc. hosted a broker open house and catered lunch on January 10, 2017 at the recently completed Phase I of the Portside Industrial Park totaling 352,560 sf in two buildings. 162,240 sf of the space has been preleased to OnTrac. Stu Peterson and Joe Curran of Macadam Forbes presented information on the development’s […]

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Progress on the massive Vista Logistics Park continues to gain momentum with a slab pour yesterday of 700 cubic yards of concrete. Panels for Building B are almost finished and tilting is anticipated to begin on January 3, 2017. Specht’s Vista Logistics Park is the largest single phase speculative development ever constructed within the Portland […]

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The first concrete slab pour, measuring 29,098 sf, for Building B at Vista Logistics Park occurred on November 16, 2016 which is four weeks ahead of schedule. That was followed on November 17th with a second pour for another 30,645 sf.  The two slab pours used over 1,100 cubic yards of concrete. The Vista Logistics […]

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Specht Development recently completed construction on a new $9.2 million facility for Comcast Corporation. Selected by Comcast through a competitive process in 2013, Specht’s work replaces and improves upon an existing facility used by the media and technology company. The “Comcast East PDX Field Fulfilment Office” is a 50,400 square-foot building located at 7900 NE […]

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