REBusinessOnline

Smartcap Buys Nike-Occupied Flex Warehouse Near Portland for $12.2M

701-SW-158th-Ave-Beaverton-OR

Nike Inc. occupies the 73,200-square-foot office and warehouse facility at 701 SW 158th Ave. in Beaverton, Ore. (Photo courtesy of Kidder Mathews)

BEAVERTON, ORE. — Smartcap, a Seattle-based real estate investment firm, has purchased The Cortez Building, a warehouse and office property located at 701 SW 158th Ave. in Beaverton, a suburb eight miles west of Portland. An undisclosed seller sold the asset for $12.2 million.

Nike Inc. occupies the 73,200-square-foot flex property through April 2025. The apparel company has leased the building since its delivery in 1994.

Keith Young of Kidder Mathews and Denis Mehigan of The Mehigan Co. represented the buyer in the transaction.

Get more news delivered to your inbox. Subscribe to France Media's e-newsletters. Click here.



Related News

Webinars on Demand


Conferences


Read the Digital Editions

Heartland Recent Issue

Northeast Recent Issue

Southeast Recent Issue

Texas Recent Issue

Western Recent Issue

Shopping Center Business

California Centers

Ancillary Retail

Student Housing Business

Seniors Housing Business

Featured Properties