At a glance
- Kittridge Distribution Center includes three buildings totaling 103,000 square feet at 4931-5043 NW Front Ave. in Northwest Portland.
- For allocators in DRA or Lincoln vehicles, the acquisition adds a 299,000-square-foot, fully leased Portland industrial portfolio to the firms' holdings.
- The purchase expands Lincoln's Portland industrial presence alongside DRA, according to Travis Drilling, an executive vice president at Lincoln.
Lincoln Property Company and DRA Advisors acquired a five-building Portland, Oregon industrial portfolio of approximately 299,000 square feet, fully leased across two parks. Terms were not disclosed. JLL marketed the offering.
Kittridge Distribution Center includes three buildings totaling 103,000 square feet at 4931-5043 NW Front Ave. in Northwest Portland. Columbia Corporate Park includes two buildings totaling 196,000 square feet at 4630-4740 NE 166th Ave. in East Portland. The portfolio is leased to eight tenants.
For allocators in DRA or Lincoln vehicles, the acquisition adds a 299,000-square-foot, fully leased Portland industrial portfolio to the firms' holdings. DRA reported $14.4 billion in regulatory assets across 21 accounts in its Aug. 17 Form ADV.
The purchase expands Lincoln's Portland industrial presence alongside DRA, according to Travis Drilling, an executive vice president at Lincoln. He also cited the parks' occupancy, tenant mix and access to transportation corridors as fitting the firm's investment strategy. As Private Wealth Daily previously reported, Lincoln bought a ten-building, 1.1 million-square-foot Alpharetta, Georgia portfolio from Link Logistics on Oct. 16, the fourth acquisition for Lincoln Logistics Fund II.
Reported by the Deals desk from Connect CRE and Form ADV filings with the SEC (SEC IAPD). Published . Corrections