Meriwether Partners Acquires 329,474 SF Industrial Campus in Oregon for $26.5M

by Nellie Day

TUALATIN, ORE. — An affiliate of Meriwether Partners has acquired a 329,474-square-foot industrial campus in Tualatin for $26.5 million. The three-building property is located at 19855-19866 S.W. 124th Ave.

The asset is fully leased to Nortek Air Solutions. It serves as the company’s headquarters and manufacturing facility. Nortek utilizes the facility for a variety of services including sales, research, development, project management, engineering, fabrication, manufacturing, powder coating, assembly and shipping.

The campus features 32,913 square feet of office space, 39 grade-level doors, 14 dock doors, heavy power, LED lighting, rail service and 291 surface parking spaces.

Jim Lewis, Gary Griff and Aaron Watt of Cushman & Wakefield represented Norek. Stu Peterson and Rhys Conrad of Macadam Forbes represented the seller, Huntair Properties, in this transaction.

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