Kidder Mathews to Manage 3 MSF Portland Portfolio
- Jul 26, 2019
BentallGreenOak, formed from a merger between Bentall Kennedy and GreenOak Real Estate earlier in July, has selected Kidder Mathews to oversee property operations at two industrial parks in Portland, Ore., totaling 2.9 million square feet across 13 buildings. The assets bring the firm’s management portfolio to 12.5 million square feet in the metro.
The largest of the two parks, the 2.1 million-square-foot Rivergate Corporate Center I-IV, is located at 14005-15750 N. Lombard St. in Portland’s Rivergate Industrial District, near two freight railroad networks operated by Union Pacific and BNSF. The property opened in phases between 2003 and 2011, with the final two structures achieving LEED Silver certification.
The Alderwood Corporate Center I-III, located at 8530-8934 N.E. Alderwood Road, is part of the larger Portland International Center adjacent to the city’s airport. The park is less than 3 miles from the intersection of interstates 84 and 205. The eight industrial buildings are leased to a mix of tenants including Mission Foods, Kintetsu World Express and Forward Air.
Kidder Mathews Senior Property Manager Tara Platt will head the management team for the assets. The firm’s Steven Klein and Peter Stalick will market the buildings to future tenants—they had begun overseen leasing efforts at part of the portfolio 11 years ago.
Outside of Portland, the company has also recently expanded its presence in other western markets. Kidder Mathews opened its fourth office in the Los Angeles metro at the end of last year, focusing on providing brokerage services for several different asset types in West L.A.