Description

JLL Industrial Capital Markets is pleased to present the opportunity to acquire the fee-simple interest in 138th Logistics Center, the “Property” or “Properties” – two new construction, Class A distribution facilities in the NE Columbia Corridor. Building A totals 273,500 square feet and Building B totals 216,188 square feet, for a total of 489,688 square feet. The offering is also made up of an adjacent 0.52-acre parcel that is fully leased to a parking operator. 138th Logistics Center presents a one-of-one opportunity to acquire two Class A assets with excess trailer stalls, a rare feature relative to surrounding properties. The Property’s suite sizes fall within the submarket’s most active size range for absorption, in both current and historical tenant demand.

Built in 2023, the Properties feature 36’ clear height, 96 trailer stalls, a large 210’ shared truck court, and 2,500 amps of power at each building. The Property is 100% leased as of 3/1/2027 reflecting the commencement date of Newrest’s new lease, one of two new leases signed at the Property in the last 2 months. The Property’s largest tenant, Brighton Best International, fully occupies Building B and features over 7 years of remaining lease term. The tenant’s parent company, Ta Chen International, Inc. (TWSE: 2027), is a publicly traded large global operator. Building A is leased to high profile occupancy including Omni Logistics, owned by Forward Air Corporation (NASDAQ: FWRD), Newrest, and Javelin Logistics. The Property’s location — 2.5 miles from the I-84/I-205 interchange and 3.4 miles from Portland International Airport (PDX) — further underscores the rarity of the offering, not only for its scale and quality, but for its highly infill setting.

138th Logistics Center represents a rare, highly infill opportunity to acquire a fully leased, multi-tenant distribution center with stable in-place cash flow, high-profile tenancy backed by proven demand, and Class A construction — including excess trailer stall offering that boosts both residual value and future income potential.

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