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


Map Timberland

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