Sherwood, Or., September 21st, 2023— Schnitzer Properties has leased 70,000 square feet of prime industrial space to the automation tech company, Olympus Controls, doubling the footprint of the company’s operation.
Sherwood Commerce Center is a three-building, 445,000 square foot industrial project, located just off Tualatin-Sherwood Road in Sherwood. The project is under construction as a joint development by Schnitzer Properties and Mainlander Investments.
Olympus Controls President, Lanz Fritz, said the decision to move the business to Sherwood Commerce Center is a winning move for the growth of their company, “We are excited about our new headquarters in Sherwood. At twice the size of our current facility, we’ll have the capacity to more than double our business and the number of associates. The location is ideal, with proximity to restaurants, services, and shopping as well as and I-5, I-205 and 99W. Schnitzer Properties and the City of Sherwood have been a pleasure to work with. We look forward to calling Sherwood home.”
Strategically located in the fast-growing Sherwood-Tualatin Submarket, Sherwood Commerce Center provides excellent proximity to nearby businesses and transportation routes. With potentially up to 30 tenants, there is warehouse space for every size business.
“Olympus chose Sherwood Commerce Center because it provides an attractive, modern business park environment in the business-friendly City of Sherwood. A major objective of this project is job creation and economic growth in Sherwood. The Olympus Controls decision to site its new headquarters at Sherwood Commerce Center is a big step toward having tenants who help build diversified employment for the community.” said Jordan Schnitzer, President of Schnitzer Properties.
City of Sherwood Mayor Tim Rosener summed up what this news means to Sherwood, “We are overjoyed that Olympus Controls has chosen the Sherwood Commerce Center as their new home. Their commitment to cutting edge engineering solutions enhances Sherwood’s tech landscape. Their status as one of Oregon’s top employers is a testament to the quality of jobs they bring. This marks a significant stride towards Sherwood’s vision of becoming the region’s tech hub, ensuring growth and prosperity for our community.”
The project, which is moving along at a great pace in its construction, is expected to be completed in Spring of 2024.
About Schnitzer Properties
Schnitzer Properties is a privately-owned real estate company that acquires, manages and develops properties for its own portfolio. The company owns and operates 28 million square feet of office, multi-tenant industrial, multi-family and retail properties in six western states. Headquartered in Portland, Oregon, Schnitzer Properties has regional offices in Portland, Seattle, the San Francisco Bay Area, Sacramento, Las Vegas, and San Diego.