Newmark has arranged the $31 million sale of 26440 SW Parkway Avenue, a 205,100-square-foot industrial and manufacturing facility in Wilsonville, Oregon.
Managing Director Mark Hush and Associate Director Jack Ward represented the buyer, DCI International. The sale ranks among the larger industrial transactions completed in the Greater Portland market this year.
The acquisition will enable DCI, a dental equipment manufacturer, to consolidate its regional operations into a single, larger manufacturing hub that will also serve as its new headquarters. Located within the Parkway Woods Business Park along Interstate 5, the 24.8-acre property features warehouse and manufacturing space, office and laboratory components, several dock-high loading positions, ample parking and trailer storage.
“DCI’s purchase and future relocation is a great example of companies making long-term commitments to the Portland region when the right opportunity becomes available,” said Hush. “Large industrial buildings available for purchase are exceptionally scarce, and the landscape becomes even smaller when a user needs to remain near its existing workforce.”
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