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Mark McClung | Colliers | Portland

Mark McClung

Vice President

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About

Professional Summary

Mark joined Colliers International in 2011 after ten years with Cushman & Wakefield. Mark started his commercial real estate career after graduating from the University of Oregon.  

 

Mark specializes in industrial and flex transactions in the Portland Metropolitan Area, with experience in the BTS process, investment sales, land disposition/ acquisition and institutional agency work.

Accomplishments

·   Since 2002, Mark completed transactions worth over $100,000,000 in aggregate value.

·   In 2006, 2008, and 2009, Mark earned the Cushman & Wakefield Deal of the Year Award.

·   In 2008, Mark was recognized as one of the Top 5 Revenue Producing Brokers at Cushman & Wakefield of Oregon.

Education

University of Oregon, Bachelor of Science

Clients

Brokerage

Services

Service Lines

Capital Markets, Tenant Representation, Landlord Representation

Property Type

Industrial

Featured Research

Jul 13, 2022

2022 Q2 Portland Industrial Market Report

Portland’s industrial market continues to grow as developers look to meet demand and larger projects begin to deliver. Through Q2, more than 1.6 million square feet of new construction has been delivered. These deliveries are primarily driven by Warehouse-Distribution product, which accounts for 95% of the square footage delivered year-to-date. The remaining development pipeline remains robust with 9.8 million square feet currently under construction, 3.2 million square feet of which is specualtive. It should be noted that 3.9 million square feet of the 6.7 million built-to-suit pipeline can be attributed to Amazon and Trammell Crow’s Project Basie in the Salem area. A first for both submarkets, the average direct asking rate on a triple net basis (NNN) for all product types in the Westside and Clark County submarkets has surpassed $1.00 per square foot. Both submarkets are also development hotspots with 3.4 million square feet under construction. Market-wide vacancy rates for all product types remain relatively unchanged from the prior quarter, but compared to the halfway point of 2021, vacancy has fallen by 100 basis points to 3.9%. Headlining the notable sales for the quarter was Melvin Mark Companies and junior venture partner Becker Capital Management’s sale of a six-property portfolio in Tualatin, which serves as the Pacific Food headquarters. This portfolio, which totaled 158,000 square feet, traded for $275 per square foot and was purchased by California-based The Brookhollow Group.
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Apr 11, 2022

2022 Q1 Portland Industrial Market Report

During the first quarter of 2022, the Portland Industrial market saw only 365,200 square feet of net absorption, despite a need for more industrial assets. This need continues to be driven by Warehouse-Distribution product as supply chain challenges reveal a need to keep more safety stock closer to consumer.
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Feb 8, 2022

2021 Q4 Portland Industrial Market Report

With 1.9 million square feet of net absorption, the Portland market reflected a continued need for industrial assets, particularly in Warehouse-Distribution product, which accounts for more than 80% of net absorption. With supply chain challenges revealing the need to keep more safety stock closer to consumers, Portland will continue to show strong fundamentals in Warehouse-Distribution product. While Warehouse-Distribution was strong, in the Sunset Corridor/Hillsboro the nearly completed Hitachi Center of Excellence at 3600 NW Huffman fetched $57.5 million (294 per square foot), when developer Trammell Crow sold it to Principal RE Investors. While the valuations look favorable for Portland’s industrial real estate market, a lack of available land near the population centers will continue to limit growth. Increasingly, developers need to look further north, in SW Washington and further south, in Marion/Polk Counties to find suitable land for development.
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