Schnitzer Properties - Oro Valley, AZ

Schnitzer Properties is a privately held real estate investment and development company founded in 1950 and headquartered in Portland, Oregon. The company owns and operates more than 31 million square feet of property across six western states, positioning itself among the top 10 private real estate owners in the West. Led by President and CEO Jordan Schnitzer since 1990, the firm has evolved from a diversified real estate portfolio into a predominantly industrial-focused owner-operator, with industrial properties now comprising 84% of its holdings. The company's investment strategy centers on acquiring and developing multi-tenant flex industrial properties that serve small and mid-sized manufacturers, distributors, wholesalers, and service providers. The average tenant occupies approximately 9,000 square feet, allowing the company to maintain diversified cash flows across more than 4,250 tenants in over 200 properties. Schnitzer Properties operates regional offices in Seattle, Portland, the San Francisco Bay Area, Sacramento, San Diego, Las Vegas, Phoenix, and Tucson, reflecting its concentrated exposure to western U.S. markets. Schnitzer Properties has pursued an active acquisition and development strategy. In 2024 and 2025, the company completed several acquisitions, including a $78.3 million purchase of the Warner Commerce Center in Gilbert, Arizona in December 2025, and a $58.6 million acquisition of two industrial complexes near Seattle in October 2024. The company has committed $464 million to industrial development over a 12-month period, with seven separate projects totaling 2.25 million square feet under construction across Oregon, Arizona, California, and Nevada. The company employs over 250 commercial real estate professionals and maintains a vertically integrated operating platform.