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Mike Thomas | Colliers | Portland

Mike Thomas

Senior Vice President

License # OR #961000020; WA #10781

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About

Professional Summary

Mike joined Colliers International in 1996 and has been involved in commercial real estate since 1985. He specializes in leasing and sales of office and light industrial properties in Beaverton and the Sunset Corridor. In addition, he is part of a select team that is leading local and State development efforts to recruit alternative energy companies to Oregon. He has traveled nationally and internationally with various delegations to promote Oregon within the solar energy industry.

For the first decade of his career, Mike traveled nationally as a commercial real estate appraiser. He performed appraisals for institutional grade properties including: regional malls, shopping centers, industrial parks, office buildings, hotels and multi-family residences. Mike moved to Portland from Dallas, TX in 1994 and transitioned into brokerage with Colliers in 1996, where he has established himself as an expert in leasing and sales of office and light industrial properties.

Accomplishments

Mike's aptitude for structuring highly complex transactions through his network of local contacts has been imperative in bringing transactions together. In addition, Mike was named one of Colliers' Top 5 Portland Producers of the Year.

Education

MBA, Santa Clara University

Bachelor of Science, Texas A&M University

Colliers University "Knowledge Partner" Designation

Memberships & Involvements

Commmercial Association of Brokers, Greater Portland Inc, Hillsboro Chamber of Commerce.

Clients

Majestic Realty Co, Principal Global Investors, Pacific NW Properties, Watumull Corporation, Lattice Semiconductor, SSOE Group, St. Laurent Properties, SunPower, Hinds Instruments

Testimonials

"Mike Thomas provided excellent service. He always replied to all our questions through email and gave us many options to look at. We are still with him now on a few other properties." - Universal Garden Supply and Manufacturing

"Integrity. Loyalty. Creativity. Strong work ethic. Smarts. Kindness -- Mike Thomas in a nutshell, and why he constantly tops our “favorite” broker & friend list." -  Evan Bernstein, Partner, Pacific NW Properties

"Having represented the interests of St. Laurent Properties since 2003 in deals valued at over $100 million, Mike Thomas brings a unique approach combining high integrity with comprehensive market knowledge to enable him to advise our team on critical issues such as pricing properties for sale and lease, negotiating with clients to have successful outcomes that serve our interests in the best possible way, and provide general information on property management. I always feel confident that Mike will represent our best interests truthfully and honestly while still taking care of high-quality clients. Mike is a trusted advisor." -  William St. Laurent

"I can not thank Mike and Karen enough for their support, hard work, and diligence in our recent land closing in the Portland Metro. They were able to address our challenging demands and schedule adjustments with professionalism, flexibility, and precise execution to align the transaction with our expectations. I look forward to our next opportunity together!” Chris Kapper, Stack Infrastructure

Services

Skills

Development Consulting

Service Lines

Tenant Representation, Landlord Representation

Property Type

Industrial, Office, Land

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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