Phelan Development, based in Newport Beach, California, has begun construction of three new speculative industrial buildings with a total building area of 235,875 SF on a nearly 12 acre site on the north side of Tualatin Sherwood Road, between SW Cipole Road and SW Wildrose Place in the city of Sherwood, Oregon. This is the newest project from Phelan Development in the Greater Portland market. Building A will contain 108,200 square feet. Building B will consist of 34,450 square feet while Building C will be approximately 92,400 square feet. The buildings will be divisible. Each building will have numerous loading docks, 32’ clear height, 800 amps 3-phase power and build-to-suit office space. Delivery is expected to occur by Summer 2020. Each building will be offered for lease or for sale. With access to Cipole Road and Wildrose Place, there will be excellent truck access to the properties and direct visibility to Tualatin Sherwood Road, a well-established major regional industrial corridor.
The property is the first major new industrial park development to be constructed along Tualatin Sherwood Road in Sherwood’s eastside gateway industrial area. Businesses locating in the Cipole Industrial Park will have immediate access to I-5 - which serves all West Coast markets - and to I-205 via Tualatin Sherwood Road. Michael DeArmey, partner with Phelan Development has stated that “our company selected Sherwood because of its prime location within the Greater Portland’s I-5 Southwest Business Corridor, its available talented workforce, strong market demand and its business-friendly environment. Adds Kyle Bertelson, who recently joined Phelan Development as their local Partner, “We recognized that Sherwood is the next logical location for new industrial park development. I have enjoyed working with the City staff to make this development a reality.”
Phelan is represented by Kevin VandenBrink at Macadam Forbes Commercial Real Estate in Portland for the sale/leasing of the properties.
According to Sherwood Mayor Keith Mays “The City of Sherwood is excited that Phelan has selected our community for this new industrial park which will help Sherwood to attract additional family-wage jobs and continue our city’s strong focus on economic development. I invite you to learn about Sherwood’s many competitive advantages and why companies of all types are discovering that Sherwood is open for business.”
ABOUT SHERWOOD, OREGON: The City of Sherwood, Oregon is a growing, dynamic place to do business, with a diverse economy and strong manufacturing base. The city is the preferred home to new residents and businesses due to its location within the burgeoning I-5/ Southwest Portland Business Corridor, it’s highly skilled labor force, exceptional quality of life, highly regarded schools, supportive city government and entrepreneurial environment. Businesses locating in Sherwood have excellent access to I-5 which serves the entire West Coast of North America, I-205, I-405, Highway 99W and all areas of the Greater Portland Region. Sherwood is focused on creating opportunities for companies of all types to locate in the city, including advanced manufacturing, industrial equipment manufacturing, cleantech, high technology manufacturing, software/media development, computer design, engineering, environmental services, outdoor wear design services, metal working, food products, creative services and many other small and large businesses. The City works closely one-on-one with businesses to assist companies to locate in the community and to obtain the business services and resources they may require to be successful.
ABOUT PHELAN DEVELOPMENT
Phelan Development is a privately-owned real estate company based in Newport Beach, California, with over $4 billion of development. The company is focused on developing high quality industrial, office, R+D-flex, and retail projects. Phelan Development prides itself on the ability to deliver well-designed buildings in strategic locations. The company has a strategic focus on Los Angeles Mid-Cities, the Inland Empire, Northern California, Oregon, Washington, Texas and Nevada.
For more information on these additions to the City of Sherwood, please contact Bruce Coleman, Economic Development Manager at 503.625.4206