Calwest Industrial Holdings, LLC (an affiliate of RREEF) hired Specht Development, Inc. as the Project Manager for the development of Buildings 4 & 5 at the Kelley Point Distribution Center in the Rivergate Industrial District in Portland, Oregon.

Buildings 4 & 5 total 409,500 square feet of 30’ high clear distribution space. At a total project cost in excess of $22,000,000, this phase of the project was completed in October 2007. The distribution center is close to I-5.