LBA Logistics Acquires Industrial Portfolio In Portland From Clarion Partners For $59M

LBA Logistics has acquired an industrial property located at 6308-6310 & 6204-6210 N Marine Dr. & 7409-7433 & 7507-7517 N Leadbetter Rd in Portland, OR. The property spans an area of 590,770 square feet and was sold for a price of $59,000,000, resulting in a price per square foot of $100.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $59,000,000
• Address: 6308-6310 & 6204-6210 N Marine Dr. & 7409-7433 & 7507-7517 N Leadbetter Rd, Portland, OR
• Market: Portland, OR

The transaction involved the buyer, LBA Logistics, and the seller, Clarion Partners. The deal was facilitated by the brokers Mark Detmer, Buzz Ellis, and Ryan Sitov from JLL representing the respective parties in the transaction.