SKB and KCB Partners Buy 214,000-SF Hillsboro Office Campus

ScanlanKemperBard (SKB), a Portland-based commercial real estate investor, developer and operator, has teamed with KCB Partners to acquire Trellis West Campus in Hillsboro, Oregon, the companies announced Monday. The four-building property totals 214,152 square feet and adds to SKB's growing footprint across the state.

The campus was 90% leased at the time of acquisition, signaling stable near-term income for the new owners. Hillsboro, situated west of Portland in Washington County, has emerged as a significant technology and industrial corridor, home to major semiconductor and technology employers that have driven sustained office and campus demand in the region.

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The transaction represents a continued commitment by SKB to Oregon commercial assets. The firm operates as both an investor and hands-on operator, a model that positions it to actively manage and potentially reposition assets within its portfolio over time. Adding a largely occupied, multi-building campus aligns with a value-preservation strategy common in current market conditions, where occupancy stability carries a premium.

Terms of the acquisition, including purchase price, were not disclosed. The deal underscores ongoing investor appetite for well-leased suburban office campuses in markets with strong employer bases, even as broader office sector sentiment remains cautious nationally.

Continue reading at Real Estate for additional details on the Trellis West acquisition.