ScanlanKemperBard and KCB Partners have acquired Trellis West, a four-building research and development campus in Hillsboro, Oregon, for $30.9 million.
The property totals 214,152 square feet and was approximately 90% leased at the time of the acquisition.
Trellis West is located in Hillsboro’s Sunset Corridor within Oregon’s Silicon Forest, giving tenants proximity to one of the region’s largest concentrations of semiconductor and advanced technology operations.
Applied Materials and KLA anchor the campus, which has a tenant base concentrated in semiconductor and technology businesses.
The property also offers more than 5 megawatts of power and infrastructure capable of supporting research and development and other advanced technology uses.
Trellis West is less than three miles from Intel’s Ronler Acres and Hawthorn Farms campuses.
The acquisition extends SKB’s investment activity across Oregon.
Including Trellis West, SKB has acquired six assets totaling more than 1 million square feet during the past two years.
The company has focused on properties it believes can support changing employer requirements while presenting attractive investment opportunities created by dislocation in commercial real estate capital markets.
For KCB Partners, Trellis West represents its third Oregon investment during 2026.
The firms see the property’s semiconductor-oriented tenant base, infrastructure and location as supporting long-term demand and durable income characteristics.
KEY QUOTES:
“The acquisition builds on SKB’s sustained investment across the region. Including Trellis West, SKB has acquired six assets totaling more than one million square feet over the last two years. The portfolio reflects SKB’s focus on acquiring well-located properties that can support the region’s evolving employers while capitalizing on opportunities created by dislocated capital markets.”
Todd Gooding, President of SKB
“We were immediately attracted to Trellis West because of the quality of the real estate, its impressive building infrastructure, and, most importantly, the strength of the existing tenant roster. The campus is home to an exceptional group of semiconductor and technology companies that are deeply embedded within Hillsboro and the broader Portland metropolitan area. Our goal is to be a responsive landlord and partner to these tenants, support their continued growth, and create an environment where they want to stay for years to come.”
Dixon Hinderaker, Vice President of Acquisitions at SKB
“We are excited about this acquisition because it aligns well with our investment thesis: a well-located portfolio leased to R&D tenants serving the growing semiconductor sector, offering attractive going-in cash yields and durable income characteristics supported by strong market fundamentals and long-term growth drivers. This acquisition marks KCB’s third investment in Oregon this year and further expands our presence in a market where we continue to see attractive risk-adjusted opportunities.”
Romayh El Jurdi, Principal at KCB Partners
