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Portland’s Sunshine Dairy Site Sold, MXU Development Envisioned

The Sunshine Dairy building, which consists of a full city block, and two adjacent parcels in NE Portland, OR, has been sold. Portland-based NBP Capital, LLC acquired the property for $8.1 million from Karamanos Holdings, Inc.

Built in 1940, the 44,448-square-foot building and adjacent parcels make up 1.2 acres at 801, 915 and 959 NE 21st Ave. Originally developed as a production facility for the dairy, it was vacated following secession of production operations in 2018. The new ownership intends to demolish the existing structure and vertically develop a new mixed-use project.

NBP Capital’s Ryan Fiegelson says, “Our business plan will consider vertical development of the Sunshine Dairy site. When we first saw this deal, we were initially drawn to the rapid transition and development of the immediately surrounding area.

CBRE’s Charles Safley, Josh McDonald, Joe Nydahl and Phil Oester negotiated and arranged the deal on behalf of the seller.

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About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

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  • ◦Development
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