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Company, Industrial

Ridgefield, WA (July 21, 2022) –Specht Development, Inc, a Portland, OR based real estate development firm is pleased to announce the first tenant at its speculative 468,810 sf Ridgefield Industrial Center, located in Ridgefield, Washington. Child Logistics, Inc. has signed a long-term lease for 345,886 sf in the new single building development. The 50.02-acre project began construction in August of 2021 and will be complete in August of 2022. 

Commercial real estate brokerage firm, Capacity Commercial Group LLC, represented both Specht Development on the acquisition of the property, and also represented both Specht and Child in the lease, which calls for Child to relocate from their current smaller Vancouver facility. 

“As commercial brokers, we were pleased to be able to successfully work for our clients on both the sale and purchase of the land, as well as to bring qualified, credit tenants to this facility” said Mark Childs, SIOR, Principal with Capacity Commercial Group.

The newly constructed Ridgefield Industrial Center has 36’ clear heights, 109 dock doors, 4 grade level doors, and 44 trailer spaces, with City of Ridgefield approval for an additional 82 trailer stalls if needed by future tenants. Mackenzie is the architect of record for the project, with Perlo Construction serving as the general contractor.

“This substantially larger space will allow Child Logistics to consolidate and grow at this location. By consolidating three operations into one location, Child will be able to serve their customers more efficiently and provide additional space for current and future customers.,” said James Carroll, who along with Michelle Carroll own Child Logistics.  Additionally, the new location will allow Child to consolidate their Child Truck Line operations at the same site.

“We knew we had the right site from the beginning, located immediately adjacent to the Ridgefield Junction I-5 freeway interchange” said Brent Hedberg, Vice President of Specht Development, and a partner in the project. “We have constructed a best-in-class facility with most of it leased before it is completed. We have room for a maximum of two more tenants and are experiencing excellent activity on the remaining space.”

For more information about Specht Development, Inc., visit https://spechtprop.com/
For more information about Child Logistics, Inc., visit http://childtruckline.com/
For more information about Capacity Commercial Group LLC, visitwww.capacitycommercial.com

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Industrial

Every quarter, Capacity Commercial Group conducts an in-depth analysis of recent market data for the Portland area, and provides a summary report to clients via newsletter.

Continue reading this blog post for an overview of the report including Portland Industrial Market: 2017 Second Quarter Key Statistics; Average Asking Lease Rates In Portland Area Market; Average Asking Sale Rates In Portland Area Market; and Capacity Commercial Group Overview.

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