I-84 Distribution Center and Halsey Corners

Background

Capstone Partners LLC provided advisory services for the value-add investment of existing 420,690 square foot industrial property situated on approximately 17 acres with additional retail development potential.

Advisory services were provided from the initial investment underwriting through purchase offer, acquisition due diligence, and transaction closing which occurred in August 2005.

Additionally, Capstone Partners LLC provided strategic development advisory services for the layout, design and marketing of Halsey Corners, a ground up 11,009 SF, three building retail center on the excess land.

Result

"Capstone's value enhancement strategy and recommendations from design through construction and marketing have been instrumental in the success of our retail development at this property and to creating substantial value beyond our initial acquisition on this asset."

Dave Dewey, Senior Vice President
NBS Real Estate Capital

Strategic Project Partners

Client – NBS Real Estate Capital
Architect, Engineer, Planner – Group Mackenzie
Retail Broker – New & Neville

Project Statistics

Location – Gresham, Oregon

I-84 Distribution Center – 420,690 SF, 15.5 ACRES
Tenants – Unisource Worldwide, Inc., Benson Industries, Inc.

Halsey Corners – 11,009 SF, 1.5 ACRES
Tenants – Carl's Junior, Sherwin Williams Paint