SKB and KCB Join Forces to Acquire Trellis West Campus in Oregon's Silicon Forest

Acquisition of Trellis West Campus

ScanlanKemperBard (SKB), in partnership with KCB Partners, has made a significant move in the commercial real estate sector by acquiring the Trellis West campus in Hillsboro, Oregon. This four-building property, which boasts a size of 214,152 square feet, was purchased for $30.9 million and is currently 90% leased. Located in the heart of Oregon's Silicon Forest, Trellis West offers a unique opportunity for both SKB and KCB due to its strategic position within the vibrant semiconductor and technology ecosystem.

A Hub of Innovation

The Trellis West campus is strategically sited in Hillsboro's Sunset Corridor, a notable area known for being a crucial part of Oregon's thriving tech landscape. Anchored by major players like Applied Materials and KLA, the property hosts a variety of tenants focused on semiconductor research and development. With more than 5.0 megawatts of power supply, Trellis West is designed to accommodate advanced technology operations and supports a robust infrastructure essential for R&D activities.

Strengthening Market Position

Todd Gooding, the President of SKB, expressed satisfaction with this acquisition, emphasizing that it reinforces their ongoing investment strategy in the region. Over the past two years, SKB has successfully acquired six properties totaling over one million square feet, showcasing their commitment to selecting well-situated assets that align with the evolving landscape of employers in the area.

Dixon Hinderaker, Vice President of Acquisitions at SKB, highlighted the allure of Trellis West, citing its high-quality infrastructure and the strength of the existing tenant roster as compelling reasons for the investment. The campus currently houses numerous well-established semiconductor and technology firms, all integrated within the broader Portland metro area. SKB aims to not just be a landlord but a supportive partner for these businesses, ensuring they have a conducive environment for sustained growth.

Investing in the Future

The acquisition of Trellis West aligns perfectly with KCB Partners' investment philosophy, according to Romayh El Jurdi, Principal at KCB. He noted that the portfolio’s strategic location and the quality of its tenants are aligned with the growing semiconductor sector, promising appealing returns and stable income. This acquisition marks KCB's third investment in Oregon this year, reinforcing their belief in the market's potential for risk-adjusted opportunities.

About SKB

ScanlanKemperBard operates in the commercial real estate domain as an investor, developer, and operator. Their focus lies in industrial, office, and mixed-use properties, with deep roots in the Pacific Northwest. SKB is well-regarded for its strategy of acquiring and repositioning assets that underpin economic activity and community development.

In conclusion, the acquisition of the Trellis West campus marks a significant milestone for both SKB and KCB as they continue to fortify their presence in Oregon's dynamic real estate landscape. The strategic advantages of the location, along with the strength of the current tenants, position this investment as a key contributor to the ongoing growth and evolution of the semiconductor industry in the region.