Three new industrial buildings under construction along T-S Road
Phelan Development, based in Newport Beach, California, has begun construction on three new speculative industrial buildings, in Sherwood, totalling more than 235,000 square feet of new construction.
The project is located on a nearly 12-acre site on the north side of Tualatin-Sherwood Road between Cipole Road and Wildrose Place, according to a statement from the city of Sherwood.
Completion is expected to occur by the summer of 2020.
"The city of Sherwood is excited that Phelan has selected our community for this new industrial park which will help Sherwood to attract additional family-wage jobs and continue our city's strong focus on economic development," said Sherwood Mayor Keith Mays.
Phelan representatives praised the project as well.
Michael DeArmey, a partner with Phelan Development said, "Our company selected Sherwood because of its prime location within the Greater-Portland's I-5 Southwest Business Corridor, its available talented workforce, strong market demand and its business-friendly environment."
"We recognized that Sherwood is the next logical location for new industrial park development," added Kyle Bertelson, who recently joined Phelan Development as their local partner. "I have enjoyed working with the City staff to make this development a reality."
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