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8875 NE Von Neumann Dr, Hillsboro, OR 9025 NE Von Neumann Dr, Hillsboro, OR 9170 NE Turing Ct, Hillsboro, OR 9225 NE Turing Ct, Hillsboro, OR
Trellis West
Asset ClassOffice, Industrial
overview of deal

Overview

Newmark (NMRK), as exclusive advisor, is pleased to present the opportunity to acquire the fee simple interest in Trellis West (the “property”) – a four-building suburban campus consisting of advanced manufacturing and R&D space strategically located in Hillsboro’s Sunset Corridor. Spanning 214,152 rentable square feet, the property is 85% leased with 5.1 years of weighted average lease term. With less than 10% of the rentable square footage rolling over the first 48 months of the hold period and 39% investment-grade credit tenancy, Trellis West offers attractive in-place cash flow with limited near-term rollover risk.

 

Originally delivered in the 1990s, ownership has invested substantial capital to thoughtfully reposition Trellis West, focusing on creating a differentiated, amenity-rich environment that delivers a best-in-class tenant experience. Trellis West offers tenants a wide variety of on-site programming including rotating food trucks, outdoor seating and fire pits, and 10+ miles of walking paths throughout campus. Additionally, tenants benefit from access to The Mill – the campus amenity center designed to foster convenience, wellness, and community.

 

Located less than three miles from Intel’s Ronler Acres and Hawthorn Farms campuses, the property is located in the heart of Washington County’s Silicon Forest, one of the most diverse high-tech clusters in the United States. Supported by a young and highly educated workforce, industry giants such as Intel, Applied Materials, Tokyo Electron, Lattice Semiconductor, Lam Research, and many other long standing semiconductor companies have deep roots in the Silicon Forest, fostering a robust ecosystem of suppliers and manufacturers that play a critical role in the semiconductor industry. Featuring highly functional advanced manufacturing, research & development, and flex space used in a variety of ways, Trellis West is strategically positioned to meet evolving tenant demand and capitalize on continued growth within the Silicon Forest.

 

Trellis West offers investors the opportunity to acquire a stabilized suburban campus generating durable investment-grade cash flow, located within one of the West Coast’s most diversified and resilient high-tech clusters.

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Investment Highlights

  • Stabilized Rent Roll with Minimal Rollover Within the First 48 Months
  • Abundant Employee Housing Options with over 8,500 Multi-Family Units within One Mile of Property
  • Strong Tenant Mix Entrenched in Sunset Corridor’s High-Tech Ecosystem
  • ±39% of Rentable Square Footage Occupied by Investment Grade Credit Tenancy
  • Highly Amenitized Suburban Location in Proximity to Oregon’s Largest Economic Drivers
  • Best-in-Class Campus Programming & Amenity Center
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8875 NE Von Neumann DrHillsboro, OR 97006

Trellis West Contacts

Steven GolubchikExecutive Vice Chairman and President, Western Region Capital Markets(415) 445-5130steven.golubchik@nmrk.com
Nick KuchaVice Chairman, Pacific Northwest Capital Markets(503) 972-5522nick.kucha@nmrk.com
Darren HollakSenior Managing Director(408) 666-8027darren.hollak@nmrk.com
Ramsey DayaExecutive Vice Chairman(415) 399-8085ramsey.daya@nmrk.com
Chris MoritzExecutive Managing Director(415) 445-5184chris.moritz@nmrk.com
Travis Parrott, SIORManaging Director(503) 969-7230travis.parrott@nmrk.com
Josh SchweitzManaging Director(503) 970-0094josh.schweitz@nmrk.com

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