The Koll Company Completes $110MM in CRE Investments, Including $24MM Beaverton Acquisition
the registry | may, 5 2021
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Company expands its market presence with acquisitions in Salt Lake City and Portland/Beaverton Region; Nike is among the properties’ many notable tenants
IRIVINE, CALIF. — In a significant expansion of its portfolio of world-class business properties, The Koll Company today announced the completion of more than $110 million in real estate investments and industrial growth throughout the western United States.
“Our company’s forward-looking acquisitions and market expansions signal our strong optimism and confidence in America’s continues economic rebound. We’re honored to assume ownership of these properties and provide outstanding service to their tenants,” said Gerald Yahr, Managing Principal, The Koll Company.
The portfolio’s impressive growth spurt reflects activity over just the past nine months - a period when the global economy was grappling with severe economic challenges posed by the coronavirus pandemic.
The acquisitions and expansions added more than 700,000 square feet to The Koll COmpany’s multistate portfolio, which totals more than 4.5 million square feet. More than 3 million square feet of that total has been acquired over the last seven years alone.
In addition the portfolio growth, the company’s recent activities expanded its market presence to two major markets, Salt Lake City in Utah and Oregon’s Portland/Beaverton region.
“We’re excited to have the opportunity to add more strategic investment properties to our portfolio, and to introduce our company’s unique service-oriented culture to Salt Lake City and the Portland-Beaverton markets,” said Scott Lanni, Principal, The Koll Company.
Lanni noted that Nike, which is located at one of the Beaverton properties is among the many notable tenants located at the properties Koll has acquired over the past nine months.
The recent activity includes a joint venture between Koll and investment manager PCCP. The joint venture purchased a fully leased industrial portfolio comprising three buildings in West Sacramento and five buildings in Salt Lake City.