Beaverton Portfolio of properties for Sale - Sunset Corridor/Hillsboro
Newmark (NMRK), as exclusive advisor, is pleased to present the opportunity to acquire the fee simple interest in Trellis West (the “property”) – a four-building suburban campus consisting of advanced manufacturing and R&D space strategically located in Hillsboro’s Sunset Corridor. Spanning 214,152 rentable square feet, the property is
85% leased with 5.1 years of weighted average lease term. With less than 10% of the rentable square footage rolling over the first 48 months of the hold period and 39% investment-grade credit tenancy, Trellis West offers attractive in-place cash flow with limited near-term rollover risk.
• Stability & Certainty: 5.1-year WALT with less than 10% of the leased square footage expiring in the first 48 months delivers durable in-place, contractual cashflow with the ability to buy down basis up to 50%.
• Irreplaceable Location: At the core of Oregon's semiconductor innovation hub, the Silicon Forest is home to the state's largest concentration of Fortune 500 companies. Semiconductor tenants account for 90% of leased square footage at Trellis West.
•Institutional Capital Investment Program: Over $16 million of capital invested since 2020 through modernization of tenant spaces, creation of The Mill amenity center, and comprehensive site upgrades.
• Credit Tenancy: 39% of the campus is occupied by investment grade credit tenancy.
• Best-in-Class Amenity Base: Anchored by The Mill, a Class A amenity center featuring conferencing facilities, a fitness center, and tenant lounge. The campus also benefits from immediate proximity to the Streets of Tanasbourne lifestyle center and over 3,300 new multifamily units delivered within the last decade.
Originally delivered in the 1990s, ownership has invested substantial capital to thoughtfully reposition Trellis West, focusing on creating a differentiated, amenity-rich environment that delivers a best-in-class tenant experience. Trellis West offers tenants a wide variety of on-site programming including rotating food trucks, outdoor seating
and fire pits, and 10+ miles of walking paths throughout campus. Additionally, tenants benefit from access to The Mill – the campus amenity center designed to foster convenience, wellness, and community. Located less than three miles from Intel’s Ronler Acres and Hawthorn Farms campuses, the property is located in the heart of Washington County’s Silicon Forest, one of the most diverse high-tech clusters in the United States. Supported by a young and highly educated workforce, industry giants such as Intel, Applied Materials, Tokyo Electron, Lattice Semiconductor, Lam Research, and many other long standing semiconductor companies have deep roots in the Silicon Forest, fostering a robust ecosystem of suppliers and manufacturers that play a critical role in the semiconductor industry. Featuring highly functional advanced manufacturing, research & development, and flex space used in a variety of ways, Trellis West is strategically positioned to meet evolving tenant demand and capitalize on continued growth within the Silicon Forest.
Trellis West offers investors the opportunity to acquire a stabilized suburban campus generating durable investment grade cash flow, located within one of the West Coast’s most diversified and resilient high-tech clusters.
Please reach out to a team member for pricing guidance and further information on the opportunity.