PORTLAND, OR – Daymark Realty Advisors Inc., a leading provider of strategic asset, property management and structured finance solutions for owners of commercial real estate, today announced that Nike Inc. has signed a new 65-month lease for 26,000 square feet of additional space at Woodside Corporate Park (top left photo) in the Portland suburb of Beaverton. Daymark Realty Advisors and its subsidiaries manage Woodside Corporate Park, a master-planned office campus, on behalf of individual owners. The Nike World Headquarters is conveniently located adjacent to the property on the corner of SW Murray Boulevard and SW Jenkins Road.
“Nike is Woodside’s largest tenant, with more than 425 employees occupying a total of nearly 260,000 square feet of space,” said Dan O’Hare, vice president, asset management. “The lease expansion brings the property’s occupancy rate to a very healthy 95 percent, far outperforming the Sunset submarket, which had an average office occupancy rate of just 75 percent last quarter.”
Woodside Corporate Park is comprised of 13 office buildings totaling nearly 600,000 square feet approximately eight miles from downtown Portland.
The 40-acre park is conveniently located near Highway 26, a major east-west thoroughfare, and offers convenient access to public transportation, restaurants, shopping and Tualatin Hills Park and Recreation.
Woodside Corporate Park offers tenants ample parking with 1883 spaces, a ratio of 3.4 spaces per 1,000 square feet.
Eric Haskins, Dave Squire and Brandon Frank of Grubb & Ellis represented Daymark Realty Advisors in the transaction. Brad Fletcher of Grubb & Ellis represented Nike.
Since January 1, 2011, Daymark Realty Advisors and its subsidiaries have successfully executed lease transactions totaling in excess of 1.6 million square feet, valued at more than $164 million.
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