August 23, 2019
Columbia Sportswear Company plans to expand its headquarters footprint in Northwest Portland to accommodate new employees. The fast-growing apparel and footwear brand acquired three buildings totaling 200,000 square feet from Electro Scientific Industries for $33 million.
One building is scheduled to be delivered by June 2020, and the other two by June 2021. The new assets are a quarter of a mile from its main 450,000-square-foot headquarters, directly beside the Columbia Sportswear Company Employee Store.
Columbia Sportswear’s sales climbed more than $350 million in 2018, finishing the year at more than $2.8 billion. Its employee count grew to more than 6,500 by the end of 2018.
Melvin Mark’s Tim Parker represented the buyer.
*Photo credit: Tada Images / Shutterstock.com
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