Dermody Properties Acquires 108,698 SF Distribution Building in Wilsonville, Oregon
We recently acquired Kinsman Logistics Center. It is a 108,698-square-foot distribution building located at 27150 SW Kinsman Rd. in Wilsonville, which is part of the Southwest submarket and one of Portland, Oregon’s strongest industrial regions.
The property is situated on 8.04 acres and offers excellent access to Interstate-5 and Interstate-205, providing unsurpassed coverage of the Portland market and the Northwest region.
Kinsman Logistics Center features a 30-foot interior clear height, EFSR sprinklers, 18 dock high loading doors, two grade level doors, generous truck courts and ample parking for automobiles and trailers.
“This acquisition was a unique opportunity to acquire an outstanding industrial building in the supply-constrained market of Wilsonville,” said Phillip Wood, Partner, Northwest Region for Dermody Properties. “It exemplifies Dermody Properties’ strategy to acquire or develop properties in land-constrained submarkets in key logistics markets across the U.S.”
The property is fully leased to Aosom, LLC, a leading online retailer of home décor and other consumer products, that will continue to occupy the facility.
The building offers excellent curb appeal, including attractive landscaping and well-maintained asphalt and paint. The office and parking amenities create a “headquarters-type” environment that is ideal for e-commerce and fulfillment, a growing part of Oregon’s economy, and consistent with the tenant mix in Southwest Portland.
“This property offers excellent opportunities for a wide variety of logistics customers,” said Douglas A. Kiersey, Jr., President, Dermody Properties. “Located in one of Portland’s premier distribution submarkets, Kinsman Logistics Center is an ideal complement to the Dermody Properties strategic portfolio.”
Andy Kangas of CBRE brought the opportunity to Dermody Properties.