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December 22, 2020 Comments Off on Harsch Expands Portland Portfolio with Industrial Buy Views: 421 Portland, Seattle & Pacific Northwest News

Harsch Expands Portland Portfolio with Industrial Buy

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Harsch Investment Properties acquired a light industrial office building at 625 N. Thompson St. in Portland for $6.55 million. The property features one building totaling 48,623 square feet of space on 2.24 acres and is occupied by North Coast Electric.

Harsch Investment Properties’ Jordan Schnitzer says, “This was a unique opportunity to acquire a well-located warehouse property with a large yard. With this acquisition, we now own and operate six million square feet of commercial properties in the Portland Metropolitan Area.”

Located near Interstates 5, 84, 205 and Highway 99 on North Thompson Street in the heart of the Lower Albina District, the property offers exceptional access to the major arterial links throughout the Portland Metropolitan Area. The manufacturing/warehouse facility was constructed in 1970.

Newmark’s Mark Hush represented a group of investors led by the Lemman Family in the transaction.

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