A new 530,000 square-foot distribution center could open as early as 2025 at Gresham Vista Business Park, after the Port of Portland announced on July 18 that it sold a development site to GV5 LLC, a partnership formed by local firms Specht Development and Colas Development Group.
Upon the transaction’s closure, GV5 LLC began developing the site for Red Agate LLC, a wholly owned subsidiary of W.W. Grainger Inc., a national maintenance, repair and operating product distributor, the port said.
“We’re excited to be working alongside the Port of Portland and Grainger to bring this incredible opportunity to Gresham,” City of Gresham Mayor Travis Stovall said. “This distribution center will create much needed living-wage jobs for our community, bringing us one step closer to our goal of creating a thriving economy for all.”
The new distribution center is expected to be built on GVBP Lot 5 and generate at least 80 jobs. The project is also expected to include about 300,000 square feet of possible expansion space for the future, the port said.
“This project represents the culmination of years of hard work by the Port of Portland, and we are pleased to be able to deliver this facility for W.W. Grainger, a business that meets all the quality employer criteria set out in the Master Development Agreement,” said Greg Specht, CEO of Specht Development, Inc. and managing member of GV5 LLC. “This is our second project at the Gresham Vista Business Park and once again, the City of Gresham’s collaborative and pragmatic approach was instrumental to the success of the project.”
