Bybee Lake Logistics Center Industrial Park Portland, Oregon

Background

Capstone Partners LLC 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.

Result

After 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. Phase II is currently 100% leased.

Project Statistics

• 729,150 total square feet