ASB Real Estate Investments (ASB) announced today that Skanska – one of the world’s leading project development and construction groups – has leased 21,078 square feet at 1010 NW Flanders St, taking the entire fourth and fifth floors, in the heart of the upscale Pearl District of Portland, OR. ASB and partner Specht Development Inc. […]

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Imperial Brown, Inc., specializing in the production and distribution of walk-in coolers and freezers, signed a lease with Madison-Specht Vista Logistics LLC for 113,144 square feet (all of Building A) in the Vista Logistics Park in Gresham, Oregon. Tenant improvement construction has started, and it is anticipated that Imperial Brown will take occupancy in June […]

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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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Madison-Specht Vista Logistics LLC is pleased to announce the execution of a lease at Vista Logistics Park to Medline Industries, Inc. Medline will occupy 297,501 SF of space, leaving a total of 435,731 SF still available for lease at Vista Logistics Park, divisible down to approximately 37,000 SF. Vista Logistics Park is the largest single-phase […]

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Specht is pleased to announce the recent addition of Michele Schiffer, CPM as Vice President of Property Management. Schiffer 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, Schiffer will work to enhance values for […]

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Specht Woodburn, LLC (an affiliated entity of Specht Development, Inc.) recently closed on a transaction that’s been in the works for over seven years. Approximately 60 acres of industrial land recently added to the City of Woodburn’s Urban Growth Boundary (UGB) and annexed into the City of Woodburn is now owned by Specht and ready to be developed as […]

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Greg Specht, CEO of Specht Development, Inc. was recently interviewed by Portland Business Journal’s Jon Bell about the limited availability of industrial land in the Portland metro area. Greg shared his thoughts on where he sees the future of industrial development and considers the Woodburn area well suited for industrial projects. https://www.bizjournals.com/portland/news/2018/01/31/longtime-portland-developer-says-next-industrial.html

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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 2013, 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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