PORTLAND, Ore., Jan. 27, 2026 /PRNewswire/ -- ScanlanKemperBard (SKB), in partnership with RGA ReCap Incorporated (ReCap Real Estate Investments) on behalf of Reinsurance Group of America, Incorporated (RGA), announced the acquisition of Columbia River Collection, a 513,275-square-foot, eight-building industrial project located along the Columbia River corridor in the Portland metro area.
The acquisition underscores SKB's continued belief in Portland's long-term fundamentals and the enduring role of industrial real estate in supporting the region's economy. Columbia River Collection marks SKB's third acquisition in the Portland area in the past 60 days, adding to the firm's growing portfolio of functional, well-located industrial assets that serve a wide range of production, manufacturing, distribution, and employment uses.
"This is our home, and we continue to believe deeply in Portland over the long term," said Todd Gooding, President of ScanlanKemperBard. "The city has a talented workforce and a strategic location that will continue to matter. We believe Portland can, and will, find the right balance between economic development and the services that support its residents."
The transaction reflects a broader market dynamic currently shaping investment activity in Portland, where reduced institutional participation has created compelling opportunities for experienced, locally grounded owners.
"The pullback by institutional capital has created opportunities for disciplined local investors who remain committed to Portland and its long-term growth potential," said Dixon Hinderaker, Vice President of Acquisitions at SKB. "For groups like SKB, we know these submarkets well and are committed to operating here through market cycles. The Columbia River Collection is a portfolio of well-located, functional industrial assets positioned to serve Portland's most active tenant base of users under 50,000 square feet."
Columbia River Collection is situated within one of the region's most established industrial corridors, benefiting from proximity to regional transportation infrastructure and Portland's core employment base.
SKB plans to operate the property with a focus on long-term value creation, consistent with the firm's broader approach across its west coast portfolio.