SOURCE: Harsch Investment Properties

Harsch Investment Properties

May 28, 2015 15:44 ET

Harsch Investment Properties Acquires Teton Industrial Building in Tualatin, Oregon

Portland, Ore.-Based Real Estate Developer and Investor Purchases 100,000 Square-Foot Industrial Building

TUALATIN, OR--(Marketwired - May 28, 2015) - Jordan Schnitzer, President of Harsch Investment Properties, a privately-held real estate investment, development and management company, announces the acquisition of the Teton Industrial Building, a 100,000 square foot industrial property comprised of a single-story building at 20495 SW Teton Avenue in Tualatin, Oregon.

The building, long occupied by Stanton Furniture, is an ideally located manufacturing and distribution building in a prime industrial area in Tualatin. Located a quarter-mile south of Tualatin/Sherwood Road at Teton Avenue, the property includes a substantial amount of parking and a fenced yard area along with ample power.

Harsch Investment Properties will immediately begin renovations to include roof improvements, painting, parking lot and landscape upgrades, warehouse lighting upgrades, and yard area re-grading.

"The Tualatin industrial market is a premier location for manufacturing and distribution in the Portland metropolitan area. We are pleased to add this very functional building to our portfolio," said Jordan D. Schnitzer, President.

"We are very excited to acquire an asset in the very strong and growing Tualatin submarket," added Steve Roselli, Senior Vice President and Regional Manager. "We have been looking to acquire in this submarket for some time, and we thank Stu Peterson of Macadam Forbes for bringing this opportunity to our attention."

About Harsch Investment Properties
Harsch Investment Properties is a privately-held real estate company that acquires, manages and develops properties for its own portfolio. Founded in 1950, the company owns and operates 22 million square feet of office, multi-tenant industrial, multi-family and retail properties in six western states. Headquartered in Portland, Oregon, Harsch has regional offices in Portland, Seattle, the San Francisco Bay Area, Sacramento, Las Vegas, and San Diego. More information can be found by going to http://www.harsch.com.

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