The Ridgefield Industrial Center, a 468,810 square foot industrial facility located in Ridgefield, WA recently achieved full occupancy. This notable milestone marks the successful lease up of a project launched in August 2021.

Ridgefield Industrial Center was developed in a joint venture between RREEF/DWS and Specht Development, Inc. This successful partnership resulted in the construction of a single 36’ clear concrete tilt-up industrial building, delivered on time and under budget. The tenant makeup and swift leasing of this project reinforce the need for additional high-quality industrial space in the Portland/SW Washington market.

The project welcomed its first tenant, Child Logistics, Inc., in January 2023, followed by Ross Dress for Less, Inc., and Safeway, Inc. in May 2023, achieving full occupancy well ahead of schedule. The project, located on what may be the last site in the City of Ridgefield to allow for large distribution uses, was designed to maximize building coverage without the need to disturb the adjacent wetlands.

The project team would like to express its gratitude for professional brokerage efforts of Capacity Commercial Group and the representation of Ross Dress for Less, Inc. by Andy Kangas at CBRE, as well as Kevin Kriesien and Zach Niles’ representation of Safeway, Inc. “This project demonstrates our commitment to creating high-quality, strategically located industrial buildings. We are proud of this achievement and look forward to replicating this success in future projects” Greg Specht, President of Specht Development, Inc., added.

This construction photo of the Ridgefield Industrial Center shows a wall panel tilted into its vertical position where it forms the external structure of the building.

Construction of Specht Development’s Ridgefield Industrial Center in Ridgefield, Washington is progressing steadily. The project is a single, state-of-the-art, 468,793 SF industrial building with 36’ clear heights. Completion is expected in August 2022.

Mackenzie is the architect, with Perlo Construction serving as the general contractor.

In August of 2021, Specht Development, Inc. anticipates commencing construction on the Ridgefield Industrial Center, a single 468,793 SF industrial building on 50.02 acres in the Union Ridge Business Park in Ridgefield, WA.

Specht intends to develop the project in a joint-venture structure with a to-be-named capital partner. Upon receipt of all jurisdictional entitlements, Specht will close on the purchase of the land and expects to complete the project in August of 2022.

When completed, the Ridgefield Industrial Center will be a state-of-the-art industrial facility with 36’ clear heights and ample room for additional trailer parking at the southwest portion of the property, making it one of the most competitive and attractive industrial developments in the region. Mackenzie will be the architect of record for the project, with Perlo Construction serving as the general contractor.

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 the advancement of the region’s economic future.

Specht will develop GV5 around a framework focused on diversity, equity, and inclusion (“DEI”), and will implement this strategy through a unique partnership with Colas Development Group, who will serve as co-developer of GV5. In addition, Colas Construction, Inc. will participate as the co-general contractor, Jones Lang Lasalle will serve as the real estate broker, and Mackenzie and Perlo Construction, LLC will serve as the architect and co-general contractor, respectively. Further, and as inspired by the Port’s Mentor Protégé Program, Specht has identified protégés in Amelia Salvador and Summit Engineering, who will serve as consultants and subconsultants with the brokerage and architecture teams, and will work alongside key partners throughout the process.

Specht’s team member partnerships are designed to increase practical experience, business growth, and prosperity through participation in the development of GV5.

Specht intends to develop multiple build-to-suit manufacturing facilities at GV5 for prospective tenants, who are also committed to sharing in the collective DEI vision for this project.

Aerial photo courtesy of Perlo Construction

With the landscaping in and the parking lot paved, this light industrial building in Vancouver, WA is about ready for occupancy.

Photo courtesy of Perlo Construction

In addition to significant progress on the roof last week, the building was painted, landscaping started and over half of the parking area was paved.

Photo courtesy of Perlo Construction.

Progress on Portside Logistics Park continues to gain momentum. The wall panels of the 289,737 SF building were tilted in early November 2019. The building will have a cross-dock configuration with 51 dock positions and generous vehicle parking.

This industrial park is strategically located in Vancouver, WA with excellent access to regional air, freeway, rail, and marine systems. Construction is expected to be completed in 2020.

For information about leasing opportunities at Portside Logistics Park, please contact the listing brokers at Macadam Forbes, Stu Peterson at 503.972.7288 or Joe Curran at 503.972.7276.

Photo courtesy of Perlo Construction

Following the successful lease up of Portside Industrial Park (Portside Phase I) and the sale of the Portside Phase II property to an owner/user, Specht purchased the Portside Phase III land in August 2019. Construction of a 289,737 SF building on the site has commenced. The building will have a cross-dock configuration with 51 dock positions and generous vehicle parking.

The location is unmatched in Vancouver, WA with excellent access to regional air, freeway, rail, and marine systems.