Bybee Lake Logistics Center Industrial Park Portland, Oregon
 
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BackgroundCapstone Partners and its investment partner Washington Capital Management negotiated two 55-year ground leases with the Port of Portland. The two phase 729,150 SF speculative state-of-the-art distribution and logistics park is located adjacent to the Port of Portland’s Terminal 6 marine container facility in the Rivergate Industrial District. The project was developed on behalf of Washington Capital’s Real Estate Equity Fund (“REEF”), a union trades investment fund. ResultAfter executing the initial ground lease for Phase I, the development broke ground in the Summer of 2005 and was completed in March 2006. Phase I is currently 100% leased. Phase II broke ground in the Summer of 2006 and was completed in March 2007. The building is currently leased to OIA Logistics and has 180,000 SF available for lease. For leasing information, please contact: Project Statistics
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