Grocery-Anchored Retail

Timberland Town Center

Portland, OR

At a Glance

  • Year Built

    2015
  • Square Feet

    92,000

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.

Loading...
Orange Theory storefront
Aerial photo of buildings and parking lot
Aerial view of the shopping center with apartments off in the distance
Street view of the Market of Choice grocery