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

6308-6310 & 6204-6210 North Marine Drive & 7409-7433 & 7507-7517 North Leadbetter Road
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This Industrial property located in OR was sold for $59,000,000 over 1 year ago. The brokers of the deal were Mark Detmer, Ryan Sitov, and James A. (Buzz) Ellis Jr.

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.

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Deals
  • Location
    6308 North Marine Drive, Portland, Oregon 97203, United States6308 North Marine Drive, Portland, Oregon 97203, United States
  • Sale Price
    $59,000,000$59,000,000
    $99 PPSF$99 PPSF
  • Area
    590,770 SF590,770 SF
  • Asset Type
    IndustrialIndustrial
  • Parties
    3 Brokers, 1 Agency3 Brokers, 1 Agency

Agents

James A. (Buzz) Ellis Jr.

James A. (Buzz) Ellis Jr.

Deals1
Sold$59M

Ryan Sitov

Ryan Sitov

Deals8
Sold$584.6M

Mark Detmer

Mark Detmer

Deals11
Sold$652.4M

Agency

JLL

JLL

Agency
Deals5579
Volume$332.6B

Deal Summary

SALE IMAGE: Buzz Ellis, Mark Detmer & Ryan Sitov DATE: 08/16/2022 ADDRESS: 6308-6310 & 6204-6210 N Marine Dr. & 7409-7433 & 7507-7517 N Leadbetter Rd MARKET: Portland, OR ASSET TYPE: Industrial BUYER: LBA Logistics SELLER: Clarion Partners BROKERS: Mark Detmer, Buzz Ellis & Ryan Sitov - JLL SALE PRICE: $59,000,000 SF: 590,770 ~ PPSF: $100

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6308-6310 & 6204-6210 North Marine Drive & 7409-7433 & 7507-7517 North Leadbetter Road

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