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GOVT News

Closed Transaction: Oregon State Police Forensic Laboratory

05.30.2023

GOVT Real Estate Closes Oregon State Police Forensic Laboratory in Pendleton, Oregon

San Diego, California | May 30th, 2023 –GOVT Real Estate Group announced today the recent sale of a 9,372 square-foot highly specialized facility in Pendleton, Oregon that is leased on a long-term basis to the State of Oregon for use by Oregon State Police.

Build-to-suit for Oregon State Police (OSP) in 2019, the Pendleton Forensic Laboratory has exceptional levels of specialization and security, creating a captive tenant with maximum renewal probability. The OSP Forensic Laboratory is situated on a 2.26-acre parcel of land in a strategic location directly adjacent to the Pendleton City Police Department and with immediate access to Interstate 84. As one of only five Oregon State Police locations conducting forensic analysis, the Pendleton Forensic Laboratory is critical to the OSP mission to protect the people, wildlife, and natural resources in Oregon.

The property was acquired by an institutional buyer which focuses on government property acquisitions and was sold on behalf of a development firm based in Portland, Oregon.

 

GOVT Real Estate Group

GOVT Real Estate Group is the national market leader in government property sales and investor services, with transaction volume exceeding $7 billion and closings in 45 states. Founded in 2005, GOVT Real Estate Group provides highly skilled client representation via unmatched expertise and experience, and a network of influential relationships with institutional and private capital sources that is global in reach. Through the power of specialization, GOVT Real Estate Group maximizes value and optimizes results on every assignment.

GOVT Real Estate Group’s transaction experience includes facilities occupied by all active government departments and agencies, including FBI, DEA, IRS, FEMA, FDA, ATF, OSHA, Veterans Affairs, Secret Service, Homeland Security, Immigration and Customs Enforcement, Citizenship and Immigration Services, Social Security, U.S. Attorneys, U.S. Courts, Customs and Border Protection, Air Force, Department of Defense, Army Corps of Engineers, Defense Health Agency, Health Resources and Services, Department of Interior, Forest Service, Bureau of Land Management, Fish & Wildlife, Geological Survey, Environmental Protection Agency, Department of Energy, Military Entrance Processing Command, Department of Agriculture, and National Parks Service.