Trammell Crow Sells Hitachi Center of Excellence to Principal RE

Trammell Crow Company (TCC) recently sold a 195,546-square-foot industrial building in Hillsboro, OR it originally developed. The building was acquired by Principal Real Estate Investors and is fully leased to Hitachi High-Tech America Inc. (HTA). The price was undisclosed.

Located at 3600 NE Huffman St., the facility is identified as the Hitachi Center of Excellence in Portland, focused on semiconductor engineering. The tenant program included unique specifications implemented in the design and construction process to meet the specialized requirements of the facility. HTA plans to be fully operational at the new facility in 2023.

“The HTA facility was designed to IBC Risk Category IV, which is used in buildings that are considered essential to the operator’s needs and who want limited downtime after a code-level event such as an earthquake – this was a fundamental requirement of the tenant program and driven by their focus on customer service,” said Steve Sieber, a principal with TCC’s Portland team.

The 18-acre site offers additional land that can accommodate an expansion of 100,000 to 130,000 square feet.

“We designed the facility with multiple uses in mind, ensuring that it was built for the long term,” said Steve Wells, senior managing director of TCC Portland. “The footings on the east side of the building are designed at future loading-dock elevation and the tilt-panels are longer to accommodate conversion to a future loading dock. Window openings were also designed and sized for direct conversion to dock doors, and panels without windows have knockouts for future dock doors.”

Paige Morgan, Charles Safley, Tom Pehl, Lou Senini and Chais Lowell of CBRE represented TCC in the sale of the asset. The HTA lease was represented by Kristin Hammond and David Saad of CBRE.