Majestic Brookwood Business Park Named Oregon’s Industrial Development of the Year
by Majestic Realty Co. on 03-15-2017
HILLSBORO, Oreg. – Majestic Realty Co.’s Majestic Brookwood Business Park has been named the Industrial Development of the Year by the Commercial Association of Brokers of Oregon and Southwest Washington, SIOR and the NAIOP Oregon Chapter. The award was presented at the organizations’ annual “Night of Excellence in Commercial Real Estate.”
With its long-term vision for development opportunities in Hillsboro, Majestic had its eye on what is today known as The Majestic Brookwood Business Park since first seeing the site in 2002. After more than a decade of window-shopping, Majestic purchased the 73-acre site from the Nike Foundation in 2014.
“Over the course of the past three years, our entire team has worked diligently and cooperatively with representatives from the City of Hillsboro, Washington County, Clean Water Services and the state, the Army Corps of Engineers and FEMA to achieve a mutually-agreed upon plan and approvals necessary for the Sunset Corridor’s largest speculative industrial development in history,” said Majestic Executive Vice President, Phillip Brown.
From site planning and acquisition to environmentally-conscious design and construction to lease up and operations, the team of architects, planners, designers, construction partners, leasing partners and legal counsel worked to deliver four buildings totaling more than 500,000 square feet in a visionary, mixed-use park.
“With strong early interest in this project led to pre-lease agreements that affirmed not only our team’s vision but the hard work that is already driving job creation, sales and overall business success,” added Brown.
In early 2016, in-between a 200,000-square-foot ViaWest data center and a 65,000-square-foot TopGolf entertainment complex, which opened in June 2016, Majestic and its partners broke ground on a 303,000-square-foot industrial warehouse which represented the largest speculative single building to ever be constructed in the Sunset Corridor. The spec construction helped fuel the momentum of the park and fill the region’s growing demand for industrial space by larger corporate and industrial users. The proof was Amazon’s pre-lease of the entire building prior to the completion of construction. The new building, which opened in November 2016, serves as a sortation center and will employ more than 1,000 people.
A snapshot of the work of Majestic’s project partners and some of the unique project challenges, opportunities and successes.
Selected in 2013 to provide land use planning; civil and transportation engineering; and landscape architecture, Mackenzie also provided due diligence tasks; floodplain alteration design and permitting; conditional use permitting (TopGolf); subdivision platting management and associated land-use applications; public and private infrastructure design; and development review application support for the five buildings developed to date.
A major challenge addressed by Mackenzie’s team was the project’s extensive site constraints, including floodplains, wetlands, vegetated corridor buffers, and easements. Working within these parameters, Mackenzie evaluated property development options, and collaborated with the City and other agencies to maximize land use and provide optimal flexibility for users.
Mackenzie also helped create and finalize a trail alignment for the Crescent Trail to run along Waible Creek.
When Perlo Construction broke ground April 4, 2016, on the 303,360-square-foot warehouse, design and permits were based on a speculative warehouse. Thirty days later, Majestic’s lease with e-commerce giant Amazon, accelerated the construction schedule into high gear as Amazon needed the building complete by Nov. 1, 2016 to meet holiday demands despite complex design challenges and project changes.
Ken Leahy Construction:
The KLC team provided sitework portions of the development working diligently on site grading, utility installation, wetland creation and enhancement, landscaping, as well as parking surface and road construction improvements. The team collaboration was second to none and truly set the standard for modern developments.
Tapping into the knowledge of our Colliers leasing partners, we successfully completed pre-leasing on more than 500,000 square feet in four buildings, including the prelease of the 303,000-square-foot speculative property which Amazon chose due to the location and the team’s ability to deliver on an accelerated seven-month construction timeline. The team also helped secure the 200,000-square-foot lease with Via West. Colliers added a September 2016 prelease agreement with DB Schenker for 137,920 SF and a 90,000 SF prelease agreement for a new flagship location for Rosendin Electric, Inc., signed in December 2016.
Commercial Realty Advisors:
Working the retail side of the park, CRA negotiated the ground lease with TopGolf and continues its work on the full six-acre retail park component. The Hillsboro TopGolf opening had the highest pre-sales of any other opening in the country. To date, the Hillsboro TopGolf facility is in the top 10% in terms of customer visits in the United States.
As land use counsel, Perkins Coie assisted with subdividing and developing over 75 acres as Hillsboro’s largest industrial subdivision. The work included significant transportation improvements and financing plans, access management, flood plain alteration and negotiation of a development agreement with the City related to development of a public trail. The team helped to obtain conditional use approval and design review approval for the TopGolf center.
BRIX Law LLP:
BRIX Law Partner Brad Miller assisted Majestic in the negotiation of the purchase agreement for this site, as well as the title work and resolution of various easement and other title issues, preparation of CC&Rs for the project and lease agreements for four tenants of the project.
Pacific Habitat Services:
PHS was retained to delineate the on-site wetlands, and a tributary to Waible Creek, portions of which are forested. The wetlands and the creek have an adjacent 50-foot vegetated corridor/buffer. The project was designed to save the wetlands and buffers, providing protection for these natural resources. The on-site buffer was planted with native trees and shrubs to increase the wildlife habitat within the wetland and creek riparian areas. Trees and shrubs provide shade, cooling summertime water temperatures, which in turn improves water quality.
“The success of The Majestic Brookwood Business Park is truly a collaborative effort among the City of Hillsboro and public and private partners dedicated to delivering a legacy project,” said Brown. “The sense of pride that each of us has in this park is evident in the quality and satisfaction that each of our public and private partners has in the end product. This is truly a masterpiece development, founded in quality structures, balanced uses and environmental accents that demonstrate an appreciation and respect for everyone involved and all those that will benefit from the park for decades to come.”
Majestic Realty Co.
Founded in 1948, Majestic Realty Co. is the largest, privately-held developer and owner of master-planned business parks in the United States. Majestic’s 78-million square-foot portfolio provides real estate solutions for tenants large and small, creating jobs, tax revenue and community benefits across the country.
Headquartered in Southern California, Majestic has regional offices in Atlanta, Dallas, Denver, Fort Worth and Laredo, Texas, Las Vegas and Bethlehem, Penn.
for Majestic Realty Co.