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Lincoln Property Company, DRA Advisors Acquire 299K-SF Portland Industrial Portfolio
Lincoln Property Company and DRA Advisors announced the acquisition of a fully leased, five-building industrial portfolio totaling approximately 299,000 square feet across two established industrial parks in Portland, Oregon.
JLL marketed the offering on behalf of the seller. The portfolio includes Kittridge Distribution Center, a three-building,103,000-square-foot park at 4931-5043 NW Front Ave., and Columbia Corporate Park, a two-building, 196,000-square-foot park at 4630-4740 NE 166th Ave. The portfolio is 100% leased to eight tenants. Kittridge Distribution Center is located in Northwest Portland’s industrial corridor, and Columbia Corporate Park is located in East Portland.
“This acquisition represents an opportunity to expand our industrial presence in Portland with a portfolio of well-positioned assets in established infill locations alongside a valued investment partner in DRA,” said Travis Drilling, Executive Vice President at Lincoln. “With strong occupancy, a diverse tenant mix and access to key transportation corridors, these properties align well with our investment strategy.”
