What Schnitzer Properties does

Schnitzer Properties is a family-owned, vertically integrated commercial real estate investment and development company founded in 1950 in Portland, Oregon by Harold Schnitzer and led since 1995 by his son Jordan D. Schnitzer as President and CEO. The firm owns and operates more than 31 million square feet of net rentable space across 200+ properties and six Western U.S. states — Washington, Oregon, California, Nevada, Arizona, and Utah — making it one of the Top 10 private real estate owners in the West.

The company's product mix is dominated by multi-tenant flex industrial properties (84% of the portfolio), supplemented by Class A office, retail shopping centers, and a smaller multi-family residential book. Properties are actively marketed to small and mid-sized manufacturers, distributors, wholesalers, and service providers with space requirements ranging from approximately 5,800 to 193,000+ square feet (average tenant ~9,000 SF). Tenants include industrial operators (Olympus Controls, Gaylord Marine, Studson), distributors (FleetPride), healthcare (Verio Healthcare), public-sector tenants (Oregon State Board of Nursing), and a long tail of small businesses. The firm runs a regional office network of approximately 10 locations with decentralized SVP-level regional management, and supplements direct leasing with third-party brokers such as CBRE for select projects.

Revenue is generated primarily through recurring multi-year leases on owned real estate, augmented by ground-up development and build-to-suit services. The company has committed roughly $464 million to seven industrial development projects across Oregon, Arizona, California, and Nevada within a 12-month window (totaling 2.25 million SF under construction and 1.2 million SF scheduled for 2026 delivery), supplemented by serial acquisitions — most recently the $78 million Warner Commons Commerce Center in Gilbert, Arizona (December 2025), the Boones Ferry Industrial Park in Tualatin, Oregon ($13.1M, April 2025), and two King County industrial complexes totaling approximately $59 million (September 2024). The company also co-develops large projects with partners such as Mainlander Investments and general contractors including Perlo Construction, Kerr Contractors, and Willmeng Construction.

Name

Schnitzer Properties

Legal name

Schnitzer Properties

Website

https://schnitzerproperties.com

Company type

Private

Founded year

1950

Operating status

Operating

Headcount range

251–500 employees

Short description

Schnitzer Properties is a family-owned commercial real estate investment and development company operating 31+ million square feet across six Western U.S. states, serving 4,250+ small and mid-sized industrial, office, retail, and multifamily tenants.

Ownership category

akta.pro rank

Product category

Commercial Real Estate (Flex Industrial / Industrial Leasing)

NAICS

Real Estate and Rental and Leasing (53)

SIC

Real Estate Dealers (For Their Own Account) (6532), Operators Of Nonresidential Buildings (6512), Investors, Nec (6799)

akta.pro primary industry

Real Estate Management for Family Offices (Acquisition, Development, Property Ops) (FSAAADAI)

akta.pro secondary industry

Real Estate Development & Feasibility Advisory (Highest-and-Best-Use, Entitlements Support) (BPAJANAC)

Keywords

• Flex industrial real estate
• Commercial property leasing
• Real estate investment development
• Multi-tenant industrial properties
• Office retail multifamily real estate

Headquarters

HQ city

Portland

HQ country

United States

HQ region

North America

Offices10 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Operations, Personnel, Marketing or Sales, Supply Chain, Others

Revenue model

1. Commercial Real Estate Leasing: Schnitzer Properties generates revenue primarily through leasing multi-tenant industrial, office, retail, and multi-family properties to tenants across the Western United States. The company owns and operates over 31 million square feet of property, with 84% being flex industrial spaces targeting small and mid-sized manufacturers, distributors, wholesalers, and service providers.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels6 records

Core offering

Schnitzer Properties is a family-owned real estate investment and development company that owns, operates, and develops commercial real estate across six Western U.S. states, with a portfolio of more than 31 million square feet across 200+ properties. Its core offering is multi-tenant flex industrial real estate leased to small and mid-sized manufacturers, distributors, wholesalers, and service providers, supplemented by office, retail shopping centers, and multi-family residential properties. The company also performs ground-up development, redevelopment, and build-to-suit construction, generating revenue primarily through long-term negotiated lease agreements.

Product overview

Schnitzer Properties is a family-owned real estate investment and development company offering a diversified portfolio of commercial real estate products across the Western United States. The core offerings consist of flex industrial properties (84% of portfolio) serving small and mid-sized manufacturers, distributors, wholesalers, and service providers with flexible spaces ranging from ~5,800 to 193,000+ SF; office properties including Class A towers and creative office spaces; retail shopping centers; and multi-family residential units. The company also provides development services for ground-up construction and redevelopment projects. Major product initiatives include Sherwood Commerce Center (994,600 SF, multi-phase), Blue Oaks Commerce Center ($80M, 305,000+ SF), Tucson developments (Drexel and Corona Commerce Centers, $73M combined), and various acquisition programs expanding presence in Seattle, Sacramento, Phoenix, and Portland markets. Properties span six Western states: Washington, Oregon, California, Nevada, Arizona, and Utah.

Differentiator

Problem solved

Functional benefit

Products and services

• Flex Industrial Properties Multi-tenant industrial real estate spaces designed for small and mid-sized manufacturers, distributors, wholesalers, and service providers. Properties feature flexible leasing options with spaces ranging from approximately 5,800 to 193,000+ square feet, supporting warehousing, distribution, light manufacturing, and office/showroom combinations.
• Office Properties Class A office buildings including multi-story towers and creative office spaces in prime downtown and suburban locations throughout the Western United States. Portfolio includes landmark properties like Pacific Center (16-story, 240,000 SF) and creative office developments like 7 SE Stark in Portland's Central Eastside district.
• Retail Properties Established retail shopping center destinations across the West Coast featuring a diverse mix of national retailers and specialty tenants. Properties include Canyon Place Shopping Center (156,427 SF), Gresham Station Shopping Center (341,952 SF), and Celebration Center (223,926 SF).
• Multi-Family Properties Residential apartment communities located in Portland, Oregon, including Bel Aire Apartments (49 studio and one-bedroom units), Pinecone Apartments, Portland Towers, Regency Apartments, and Ongford Apartments.
• Sherwood Commerce Center Three-phase light industrial development in Sherwood, Oregon (approximately 15 miles southwest of Portland) eventually encompassing 994,600 square feet of leasable space. Phase one (445,000 SF across three buildings) completed in May with ~50% leased. Phases two and three (549,600 additional SF) began construction in spring 2025, representing more than $200 million in joint investment with co-developer Mainlander Investments.
• Blue Oaks Commerce Center $80 million flex industrial park in Roseville, California (Sacramento suburb) with four buildings totaling more than 305,000 square feet. Phase 1 includes two buildings (~190,000 SF) with bays ranging from 5,800 to 110,000 SF. Phase 2 construction planned to start May 2026.
• Warner Commons Commerce Center Four-building modern industrial campus in Gilbert, Arizona comprising 388,721 square feet at 4290, 4320, 4230, and 4160 East Warner Road. Originally completed in 2023 and acquired by Schnitzer Properties for $78 million in December 2025.
• White River Corporate Park Four-building industrial complex comprising 230,575 square feet at 2002 W. Valley Highway N. in Auburn, Washington. Acquired for $47.5 million ($206 per square foot) in September 2024; fully leased at acquisition.
• Drexel Commerce Center 184,080 square foot industrial development across two buildings near Drexel Road and Tucson Boulevard in Tucson, Arizona. Part of a $73 million Tucson investment. Expected completion spring 2026 with flexible leasing options from 6,700 to 184,080 SF.
• Corona Commerce Center 146,963 square foot industrial building south of Valencia Road and Tucson Boulevard in Tucson, Arizona. Part of a $73 million Tucson investment. Expected delivery Q4 2025 with flexible leasing from 6,700 to 184,080 SF.
• Boones Ferry Industrial Park Five-building light industrial park at 18083 S.W. Lower Boones Ferry Road in Tualatin, Oregon on 6.23 acres totaling 79,404 square feet. Acquired for $13.1 million in April 2025 with six long-time tenants including Jacks Overhead Door, AER Fitness, Airefco, pod4print, and the Oregon State Board of Nursing.
• Development Services Comprehensive real estate development services including ground-up construction, redevelopment of existing properties, and build-to-suit solutions. The company has delivered 1.2 million SF of flex industrial space in 2026 and has completed 40+ projects since 1950.

Quantifiable outcome

• 84% of portfolio is flex industrial properties
• +3 more outcomes

Named customers11 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Ten partnerships are on record, tiered core, secondary, strategic and community.

• Newmark Group Inc.coreChannel Partner/ Reseller/ Distributor · 1 April 2026Newmark Group arranged $525 million refinancing for The Artise on behalf of Schnitzer West and The Baupost Group, demonstrating ongoing capital markets relationship.
• CBREcoreChannel Partner/ Reseller/ DistributorCBRE handles leasing for Blue Oaks Commerce Center in Roseville, including deals with Baseball Addicts and Verio Healthcare Inc.
• Mainlander InvestmentscoreStrategic or Co-development PartnerMainlander Investments is serving as co-developer for Sherwood Commerce Center, representing more than $200 million investment by the two companies.
• Perlo ConstructionsecondaryImplementation/ SI/ Consulting PartnerPerlo Construction served as general contractor for the first phase of Sherwood Commerce Center.
• Kerr ContractorssecondaryImplementation/ SI/ Consulting PartnerKerr Contractors performed exterior and site work for the first phase of Sherwood Commerce Center.
• Willmeng ConstructionsecondaryImplementation/ SI/ Consulting PartnerWillmeng Construction was selected as general contractor for Drexel Commerce Center and Corona Commerce Center projects in Tucson, Arizona.
• Sun Corridor Inc.strategicStrategic or Co-development PartnerSun Corridor Inc. is the economic development organization for Pima County, Arizona. President & CEO Joe Snell praised Schnitzer Properties' transformative investment in Tucson, noting over $200 million invested with 10 properties operating in the region.
• Jordan Schnitzer Family FoundationcommunityOthersJordan Schnitzer Family Foundation's contemporary art collection is one of the most notable in North America, with over 180 exhibitions at 130 institutions. Schnitzer Properties fully funds and staffs this community organization.
• Harold & Arlene Schnitzer CARE FoundationcommunityOthersHarold & Arlene Schnitzer CARE Foundation supports arts and culture, youth, educational, medical, social service, and community activities. Schnitzer Properties fully funds and staffs this foundation.
• Schnitzer Cares: Student Grant MakingcommunityOthersSchnitzer Cares is one of the largest youth-led grantmaking programs in the country, distributing more than $5.2 million to 563 Oregon nonprofits since its inception. Schnitzer Properties fully funds and staffs this program.

Scale indicators9 records

Recent moves7 records

Expansion highlights4 records

Direct peers

• NorthPoint Development: Privately held developer focused on small-bay and mid-bay industrial parks across multiple U.S. regions, very similar in product to Schnitzer's small/mid-sized tenant flex industrial focus (5,800-193,000 SF range).
• Becknell Industrial: Private, vertically integrated industrial REIT/developer specializing in small and mid-bay industrial across the U.S.; directly comparable to Schnitzer's 84% flex-industrial mix and small-tenant orientation.
• Panattoni Development Company: One of the largest private industrial developers in the U.S., explicitly cited in Schnitzer's own materials as a big-box competitor. Same asset class (industrial development/ownership) but skewed toward large single-tenant deals.
• Hillwood Industrial: Industrial real estate arm of the Perot family; develops and owns multi-tenant industrial properties. Comparable scale, family-influenced ownership, and a multi-region Western U.S. footprint.
• Dermody Properties: Private, family-influenced industrial developer and owner-operator focused on logistics and distribution facilities; directly comparable in business model (develop + own + operate for own account).
• Exeter Property Group: Private industrial REIT/developer with national footprint including Western U.S.; comparable multi-tenant industrial acquisition and development strategy.
• IDI Logistics: Privately held industrial real estate company developing and owning distribution and logistics facilities across the U.S., including Western markets. Same core operating activity as Schnitzer's industrial segment.

Broad incumbents

• Trammell Crow Company: Large diversified commercial real estate developer/owner named in Schnitzer materials as a competitor. Overlap is on industrial development; broader portfolio spans office and multifamily.
• Prologis: The largest global industrial REIT, dominating logistics and distribution real estate. Sets pricing and competitive benchmarks for any Western U.S. industrial operator including Schnitzer.
• First Industrial Realty Trust: Public industrial REIT with significant U.S. footprint including the Western U.S.; provides a public-market comparable for valuing Schnitzer's stabilized industrial portfolio and development pipeline.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights8 records

Customer concentration

• Facebookfacebook.com/SchnitzerProperties
• LinkedInlinkedin.com/company/schnitzer-properties
• Instagraminstagram.com/schnitzerproperties
• Xx.com/schnitzerprop

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Schnitzer Properties