CBRE Arranges Sale of Class A Logistics Center in Troutdale, Oregon.

CBRE has announced the sale of Troutdale Logistics Center, a 857,379-square-foot industrial property located at 1250 NW Swigert Way in Troutdale, Oregon. The property was acquired by CIRE Equity, a notable transaction that is the largest non-portfolio industrial transaction ever completed in Oregon and one of the largest buildings to ever sell in the Portland metro.

CBRE’s Brett Hartzell and Chris Reeves represented the seller, Clarion, in the transaction.

“Troutdale Logistics Center is one of the most significant industrial transactions in Oregon this year—if not the largest,” said Hartzell. “With few comparable assets in the region, its scale, strategic location, and modern design set it apart. The long-term lease at favorable rates further enhances its value, making this a truly exceptional investment opportunity in the Portland market.”

The buyer, CIRE Equity, is a privately held real estate investment firm with a strong history of acquiring and managing income-producing assets across the U.S. Through its non-traded, perpetual-life REIT, CIRE Real Estate Income Trust (CREIT), the firm continues to expand its portfolio with a disciplined focus on long-term investments across industrial, retail, net lease, and office sectors. This acquisition reflects CIRE’s ongoing commitment to strategic growth and its ability to capitalize on opportunities that deliver long-term value for investors by combining income generation with capital appreciation.

Situated on a 73.7-acre lot, the property features 41-foot clear heights, ample parking and heavy power, providing operational flexibility for a wide range of industrial users.

Located near I-84, Troutdale Airport and Portland International Airport (PDX), the facility offers excellent access to regional and national transportation networks.