Jack In the Box Leases Office Space on Barber

PORTLAND-Jack in the Box is expanding its corporate presence in Portland with a 9,000-sf operations development and managerial training center in a two-story office building on Barber Boulevard.

The San Diego-based company signed a five-year lease for 9,167 sf in a 45,000-sf former health clinic turned office building at 8909 SW Barber Blvd. The lease rate for the space was $18.50. A tenant improvement allowance was included in the deal. Brandon Frank and Dave Squire of Grubb & Ellis brokered both sides of the estimated $847,000 lease deal.

The building’s owner is listed as Portland Associates, a limited liability company of the Justine Co., which is investing in the property on behalf of a high net worth family on the East Coast. The office building is the company’s only Portland asset.

The brokers say they have been working on filling the building for nine months. It is now 98% leased to Northwest Corporate Credit Union (20,000 sf), American Office Products (12,000 sf) and Jack in the Box.

Jack in the Box is expanding on the distribution side as well. GlobeSt.com reported in October that the company is leasing half of a 210,000-sf distribution center expected to break ground this month in Dallas, TX. The building is the inaugural project of the 450-acre Mountain Creek Business Park, being developed by Sacramento-based Panattoni Development. The space will be used as the company’s Southwestern US distribution center.