Grocery-Anchored Retail

Timberland Town Center

Portland, OR

Acquired September 2016

At a Glance

Grocery-anchored, 92,000 square foot property, leased to a mix of grocery, retail, restaurant and professional service tenants.

Investment Rationale

  • Located in the affluent Portland suburb of Beaverton, Oregon which is home to several large employers including Intel, the region’s top employer with a staff of more than 17,000, and Nike’s World headquarters with more than 8,000 workers.

  • Newly constructed, upscale neighborhood shopping center located within a 105-acre master-planned community within walking distance of over 2,600 residential units.

  • The property fits well within JLL Income Property Trust’s approach to increase the portfolio’s allocation to high quality, grocery-anchored centers in top nationally ranked retail markets.

  • Beaverton boasts favorable income and education demographics; an unemployment rate of less than 4%; and close proximity to NW Sunset Highway / Route 26, which carries over 127,000 cars daily while being serviced by Portland’s efficient light rail system and bus routes.

Property Gallery

Location

Map Timberland

Real Estate is an Essential Diversifier

Institutional investors have diversified their portfolios with commercial real estate for decades. Learn why real estate is an essential investment.
Learn why real estate is an essential investment