BEAVERTON, Ore. (BRAIN) — Yakima Products plans to move from its current leased space here to a new, much larger building it is buying in nearby Lake Oswego.
The company is currently based near Nike's headquarters campus in Beaverton in 37,000-square-foot building. The new building is 89,000 square feet; Yakima plans to occupy 65,000 square feet of it and potentially lease the remaining space. The company is working with the city of Lake Oswego, which owns the building, to buy it and its 13-acre lot for $20.1 million. The purchase is expected to close early next month.
The company said it has expanded its U.S. employee count by 21 percent in the past year and is planning for continued growth, said Ryan Martin, Yakima's CEO.
"We are thrilled to be making the West End Building Yakima's new home," said Martin. "It is the perfect location for our growing business, and we are excited to have a headquarters that we fully own and can customize to our unique needs."
Martin said the move will provide Yakima with a campus-like setting, with room for expansion.
"With woods in our backyard and a beautiful lake just a mile away, this new location really supports and embodies our love of playing in the outdoors," Martin added.
Yakima plans to finalize the move by Dec. 1.
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The building is located on 13 acres. Photos: Cushman & Wakefield
