In a deal that expands Nike's global headquarters footprint by nearly 600,000 square feet, the footwear and apparel giant has purchased more buildings around its current headquarters for $84.5 million. Each of the properties was formerly owned by Triple Net Properties LLC, a subsidiary of Grubb & Ellis, according to a Portland Business Journal article. In April 2012, Nike acquired four other office buildings adjacent to its campus in a $44 million deal.
The two new properties, called Woodside I and Woodside II, are located within Beaverton, Oregon city limits southeast of the Southwest Walker Road and Southwest 158th Avenue intersection. "These real estate investments are designed to help support Nike's growth," Nike spokeswoman Mary Remuzzi, in an email to the Journal.
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