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 […]
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 […]
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 […]
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 […]
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
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. […]
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. […]
The newly completed Vista Logistics Park in Gresham, Oregon, is poised to serve the needs of regional distribution and industrial businesses, enabling rapid deployment to the entire Pacific Northwest. Located at SE 223rd and Stark St., the property features 732,824 square feet of speculative industrial space in three buildings on a 37.42-acre site. New York […]
A new lease with Sunlight Supply brings Portside Industrial Park, located in Vancouver, Wash., to full occupancy. Specht Development, Inc. completed the state-of-the-art industrial property in February of 2017 and a range of tenants — including OnTrac, a regional package delivery company, and Laclede Chain Manufacturing Company, the oldest domestic chain manufacturer in the United […]
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
