Chemical Distributors, Inc. signed a five-year lease renewal at 2727 Northwest Industrial Street in Portland, Oregon. Kidder Mathews Executive Vice President Zach Francis represented the local distribution company and was the only broker involved in the transaction.
The industrial warehouse is owned by Weston Investment Company and managed by its subsidiary American Property Management. Chemical Distributors began leasing the 69,277-square-foot space over a decade ago. The property is situated in the affluent Northwest Portland neighborhood, directly next to Powell’s Books Warehouse and just minutes from downtown. The renewal demonstrates ongoing demand for industrial space in the area.
“We are very pleased to have represented Chemical Distributors, Inc. on their most recent lease renewal in Northwest Portland. We would also like to thank American Property Management and Weston Investment Company for their professionalism and flexibility throughout the renewal process,” said Francis.
About Kidder Mathews
Kidder Mathews is the largest independent commercial real estate firm on the West Coast, with 900 real estate professionals and staff in 20 offices in Washington, Oregon, California, Nevada, and Arizona. Kidder Mathews offers a complete range of brokerage, appraisal, asset services, consulting, project and construction management, and debt & equity finance services for all property types. The firm performs $10.9 billion in transactions, manages 52 million square feet of space, and conducts over 2,600 appraisals annually. For more information, visit kidder.com.