Yakima Products Acquires New Headquarters Campus with Help from Tonkon Torp
Tonkon Torp’s Real Estate & Land Use practice group
completed a time sensitive transaction that enabled the fast-growing Yakima Products, Inc. to acquire its new corporate headquarters in Lake Oswego, Oregon. Yakima is a world leader in vehicle racks and cargo solutions for consumers. The transaction for this long-term client required a balancing act to allow Yakima to acquire and start a remodel on its new headquarters before the lease ran out on its prior corporate headquarters in Beaverton.
The firm concurrently negotiated a lease termination agreement with Yakima’s prior landlord and a purchase and sale agreement with the City of Lake Oswego for the 89,000 square-foot West End Building located on a 13-acre site on Kruse Way in Lake Oswego. The project included: coordinating all due diligence, survey, and title work; negotiating construction contracts for a comprehensive remodel; resolving title and access issues; negotiating a number of property-related agreements with the City; advising Yakima's management on various financing, corporate, and tax planning matters.
Led by Ted Herzog
, the transaction team included attorneys David Petersen
and Gwen Griffith
. Tonkon Torp is Yakima's regular outside counsel, representing Yakima since it moved to Oregon in 2005.
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