Nike-leased building sells for $24 million to California buyer
Portland Business Journal | May 13, 2021
A California real estate firm has purchased a Nike-leased building in Beaverton.
The Koll Company, based in Irvine, bought 13955 S.W. Millikan Way for $24 million in a deal that closed March 17, according to the company. The industrial and research and development building is 103,316 square feet.
Nike has a long-term lease there, which Koll principal Scott Lannis said made the property “especially attractive.” It’s also near the sportswear company’s headquarters.
Steve Golubchiik and Nick Kucha of Newmark were the brokers involved in the deal.
Koll has kept busy during the pandemic, including in Utah.
“We’re excited to have the opportunity to add more strategic investment properties to our portfolio, and to introduce our company’s unique service-oriented culter to Salt Lake Cty and the Portland-Beaverton markets,” Lanni said.