Benderson Development is continuing to grow its Pacific Northwest portfolio with its latest acquisition. The University Park, FL-based real estate development company today announced the purchase of the ground lease under the new Floor & Décor on 11919 North Jantzen Drive in Portland, OR, directly off Interstate 5 at Jantzen Beach.
Floor & Decor is a Georgia-based specialty retailer of hard surface flooring and related accessories. The new, approximately 80,000-square-foot store in Portland is the company’s first in Oregon. The highway visibility and accessibility is ideal for the store’s super regional draw, allowing it to serve customers in the greater Portland metro area and neighboring Vancouver, WA.
Benderson Development has been aggressively growing its portfolio over the last few years. Noteworthy acquisitions over the past 18 months include a 4.5 million-square-foot portfolio of 28 Fred Meyer superstores located throughout the Pacific Northwest and Alaska; the Whole Foods in Alexandria, VA; the Thrivent Financial headquarters in Minneapolis, MN; an interest in Duke Energy’s Metro Tower in Charlotte, NC; and ground leases under the Hampton Inn Manhattan/Times Square Central, The Highland Dallas, Curio Collection by Hilton, Willard Towers in Washington, DC and The Plaza Santa Fe in Santa Fe, New Mexico.
Founded in 1949, Benderson Development is one of the nation’s largest privately held real estate companies. Its portfolio includes more than 800 properties totaling over 45 million square feet in 40 states. For more information, visit www.bendersondevelopment.com
