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. […]
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
Specht Development recently sold Parkway Plaza III for $7.25 million to Madrona Parkway, LLC. The 52,662 square-foot building, located in Vancouver, Wash., was brokered by Chris Johnson and Mary Kay West, of Colliers International, and sold in a partnership between Specht and the National Electrical Contractors Association Pension Benefit Trust Fund (NEBF). “Vancouver is clearly […]
Specht Development, Inc. hosted the NAIOP Social Hour event on June 28, 2017 at the historic 1010 Flanders building in the Pearl District of Portland, Oregon. The event coincided with the completion of the core and shell improvements in the building. There were approximately 150 real estate industry attendees at the event. It was a […]
On January 9, 2017 the 1010 Flanders project received a building permit (finally!!) from the City of Portland for improvements to this historic warehouse building located at 1010 NW Flanders in the Pearl District. Upon completion of the work, estimated to occur in May 2017, the renovated 50,000 sf five-story building will be available for […]
The Oregon Chapter of IREM has named Tara Platt, CPM® as their 2017 President-Elect. In addition, Tara will chair the 2017 IREM Forecast Breakfast committee. Tara is the Vice President of Property Management at Specht Properties, Inc. and oversees the firm’s property management portfolio of commercial office and industrial property located throughout the Portland metro […]
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 […]
The Specht Company (Specht) and its affiliates recently sold four phases of its Beaverton Creek Business Park, located in Beaverton, Ore. The property was marketed by Holliday Fenoglio Fowler, L.P. (HFF), which closed sales with two separate buyers, along with arranging $27 million in financing for one of the buyers. The entire sale consisted of […]
Specht Ridgefield, LLC, an affiliate of Specht Development, Inc., announced the sale of the final 3.91 acre parcel of the Ridgefield Commerce Center to GR Investment Properties on September 15, 2016. The project is located off Interstate 5 in Ridgefield, Washington. The 40 acre Ridgefield Commerce Center was developed by Specht Ridgefield, LLC. Specht subdivided […]
Specht is pleased to announce the recent addition of Tara Platt as Vice President of Property Management. Tara will oversee the property management firm’s portfolio of commercial office and industrial property located throughout the Portland metro and SW Washington region. In addition to managing day-to-day activities, she will work to enhance values for the property owners represented by […]
