Specht Signs Lease with Staples
Specht Development announces a new lease with Staples Contract & Commercial, Inc. (Staples). The office product supply company has leased 263,413 square-feet of the Interstate Crossroads Distribution Center (ICDC) — a state-of-the-art warehouse and distribution center that was developed in 2015 by Interstate Crossroads, LLC (a partnership between Specht affiliates and Pacific Coast Capital Partners, LLC) and is managed by Specht Properties, Inc.
Staples will use the facility — located within Portland’s Airport Way industrial submarket at 16441 NE Cameron Boulevard — for the warehousing and distribution of consumer goods.
“Our goal with developments like ICDC is to create speculative industrial product that will meet the specific demands of future warehouse, distribution and manufacturing tenants and users.” said Greg Specht, Chief Executive Officer, Specht Development.
Situated on 28.14 acres of land, ICDC is a 492,554 square-foot distribution facility featuring 32’ clear height, 104 loading docks and excess trailer storage. The Staples lease brings ICDC to 100 percent occupancy.
ICDC was represented by Paul Breuer and Jerry Matson of the Portland office of Colliers International.