TCC Joint Venture to Develop Industrial Property South of Portland
- May 06, 2019
Columbia Distributing, together with Meritage and Trammell Crow Co., has plans to open an industrial facility in Canby, Ore. The roughly 530,000-square-foot property will become the company’s new Portland metro area warehouse, consolidating its three current locations in Northwest Portland. Perlo Construction will be the general contractor for the project, while VLMK Engineering + Design has been handling design and permitting services.
Located at SE First Avenue and South Walnut on approximately 43 acres, the single-story warehouse and beverage distribution facility is expected to include an additional 16,600 square feet of office space and could be expanded by approximately 224,600 square feet in a future phase, according to documents from the Canby Planning Commission.
Senior Vice President Allen Patterson of Commercial Group and Terry Tolls of T.N. Tolls Co. represented TCC and the sellers in the sale of the land. Upon completion, in fall 2020, the warehouse is expected to employ approximately 200 people.
TCC, which acquired the property, will develop the half-million-square-foot facility, which is set to be the largest in Canby and one of the largest under construction in the metro. The company, in a joint venture with Clarion Partners, recently signed a lease agreement with Federal Express Corp. for a built-to-suit facility in Austin, Texas.