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Scannell Properties Breaks Ground on 479 KSF Oregon Project

by Index Investing News
November 4, 2023
in Property
Reading Time: 1 min read
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The new Gensco facility will feature concrete tilt walls with a steel roof structure. Image courtesy of Scannell Properties

Scannell Properties has broken ground on a 479,000-square-foot distribution and manufacturing facility at the Scannell Logistics Park in Salem, Ore. Completion is slated for Spring 2025. Developed on behalf of Gensco Inc., the building will mark the second built-to-suit project at the location.

Mackezie designed the asset, while Perlo Construction serves as general contractor. The single-story 399,000-square-foot building will incorporate 306,000 square feet of storage and distribution, 93,000 square feet of manufacturing, 6,400 square feet of office space on the north and south ends and 68,000 square feet of storage.

Gensco’s facility will rise at 4710 Mill Creek Drive S.E. Scannell estimates that the development will generate roughly 450 jobs and additional economic impact in the region. The facility is near Interstate 5, which provides direct access to downtown Portland.

In March, a few months after completing Airport Distribution Center in West Columbia, S.C., Scannell sold the 247,000-square-foot industrial property. Cooperative Electric Energy Utility Supply Inc. purchased it, with the total investment in estimated at around $52 million.

A few months later, Scannell signed a 234,000-square-foot lease with NVH Korea at Gardner Logistics Park in Locust Grove, Ga.



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