Notable residents include two Oregon governors. The city is home to Pacific University's Health Professions Campus. Modes of transportation include private vehicles, public buses and light rail, and aircraft using the Hillsboro Airport. The city operates more than twenty parks and the mixed-use Hillsboro Stadium, and ten sites in the city are listed on the National Register of Historic Places (NRHP). In addition to high-tech industry, sectors important to Hillsboro's economy are health care, retail sales, and agriculture, including grapes and wineries. Hillsboro has a council-manager government consisting of a city manager and a city council headed by a mayor. These railways, as well as highways, aided the slow growth of the city to about 2,000 people by 1910 and about 5,000 by 1950, before the arrival of high-tech companies in the 1980s. A railroad reached the area in the early 1870s and an interurban electric railway about four decades later. Transportation by riverboat on the Tualatin River was part of Hillsboro's settler economy. Settlers founded a community here in 1842, later named after David Hill, an Oregon politician. The climate, moderated by the Pacific Ocean, helped make the region suitable for fishing, hunting, food gathering, and agriculture. įor thousands of years the Atfalati tribe of the Kalapuya lived in the Tualatin Valley near the later site of Hillsboro. At the 2020 census, the city's population was 106,447. Situated in the Tualatin Valley on the west side of the Portland metropolitan area, the city hosts many high-technology companies, such as Intel, locally known as the Silicon Forest. state of Oregon and is the county seat of Washington County. The Sunset Corridor is known as a supply-constrained submarket with no new spec office development outside of the owner/user sector since 2006.Hillsboro ( / ˈ h ɪ l z b ər oʊ/ HILZ-burr-oh) is the fifth-largest city in the U.S. The office assets in the Sunset Corridor/Hillsboro submarkets have been able to achieve strong rental rate growth of 55 percent since 2012, according to sources that track leasing information in the region.
One of the reasons for this is its close proximity to the headquarters of Intel, Nike and Columbia Sportswear. Hillsboro remains a much sought-after suburban market in Portland. Major highways are just minutes away proving quick access to downtown Portland. The location of the property is transit adjacent it is roughly a one-mile walk from the Quatama light rail station.
#Dr compton hillsboro oregon full
This program offers full property tax abatement for a three to five-year period for eligible businesses on new qualified capital investments. The 1100 Building is located in the Hillsboro Enterprise Zone. The building has many built-in amenities such as multiple outdoor deck areas, shower facilities, conference rooms and kitchen break areas. The asset also boasts a parking ratio of four spaces per 1,000 square feet. The property is located in an area that does allow some mixed-use development. Allstate has been the owner of the property for several years. The building is a three-story complex that was first developed in 1986.
The existing property is a roughly 64,000-square-foot office building that is situated on 3.55 acres of land. Industry sources project that the replacement cost for suburban office assets in this region is around $350 per square foot. Should the price point be reached, it would come in at well below replacement cost. The seller is open to providing an option of a partial sale/leaseback with the potential buyer, however, no specific details on this arrangement have been provided. The property, which is also referred to as the 1100 Building, is a vacant asset today. CBRE declined to comment when contacted for this story. The lead people on the team are Charles Safely, a senior vice president at the firm, and Paige Morgan, executive vice president. This pricing scenario would likely work for an owner/occupier, while pricing for an investor would likely be higher, the sources stated.Īllstate has hired CBRE’s Capital Markets team in the Pacific Northwest to lead the marketing efforts on the sale. Should the expected sale finalize, the potential price point could be around $150 per square foot, or approximately $9.5 million, according to sources familiar with the property details and the current market conditions. has placed on the market for sale an office building in Hillsboro, Oregon located at 1100 NE Compton Drive.
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