Cameron Distribution Center

Industrial Development


Ascentris recognized the industrial property sector was well positioned to benefit from prevailing economic trends and that supply chains were quickly adapting to the changing e-commerce environment. At the time, there was an overhang of obsolescent space and a severe shortage of modern, well located distribution warehouses creating a significant supply/demand imbalance in certain industrial markets along the path of goods movement.


Ascentris, and its development partner, acquired an industrial site, off market, located in the Airport Way submarket of Portland, Oregon. The Airport Way submarket is the most desirable industrial submarket in Portland due to its proximity to Portland International Airport and access to both I-205 and I-84. The partnership delivered the property on time and under budget.


Once the property was 53% leased, the partnership recognized there was an abundance of capital seeking high quality industrial buildings and it sold the property to an institutional core fund.

Disclaimer: The properties selected for the case studies were selected to represent the diversity in the Ascentris investment strategy and geographic reach. These properties were not selected for their performance result and do not indicate exclusively in what product type or geography Ascentris may make future investments.