Today, Columbia Sportswear Company (COLM) announced the expansion of its campus in Washington County, Oregon.
The company purchased three buildings from Electro Scientific Industries (ESI), all of which are located within a quarter of a mile from the main headquarters, directly beside the Columbia Sportswear Company Employee Store.
At $33 million, this acquisition will add more than 200,000 square feet to Columbias existing presence, with one building scheduled to be delivered by June 2020 and the other two by June 2021. Tim Parker of Melvin Mark represented the buyer.
An industry leader in outdoor apparel and products, Columbia Sportswear Company is happy to acquire more space to innovate, design and collaborate to create high-quality products for active people.
Columbia Sportswear Company has assembled a portfolio of brands for active lives, making it a leader in the global active lifestyle apparel, footwear, accessories, and equipment industry. Founded in 1938 in Portland, Oregon, the companys brands are today sold in approximately 90 countries. In addition to the Columbia® brand, Columbia Sportswear Company also owns the Mountain Hardwear®, SOREL® and prAna® brands. To learn more, please visit the companys websites at www.columbia.com, www.mountainhardwear.com, www.sorel.com and www.prana.com.
After years of squeezing too many employees in too few square feet, Columbia Sportswear is spending $33 million for three buildings located near the main campus.
Columbia, a fast-growing apparel and footwear maker, announced Wednesday that it bought three former Electro Scientific Industries (ESI) buildings totaling 200,000 square feet. Currently, the companys entire headquarters in Northwest Portland totals 450,000 square feet.
Columbia Sportswear has grown quickly in recent years. Sales increased more than $350 million in 2018 to finish the year at more than $2.8 billion. The company employed more than 6,500 full-time equivalent employees by the end of 2018. The year before it employed just over 6,100.
Columbia has been forced to lease space far from its headquarters to house those new employees. It moved the entire e-commerce unit off the main campus, said Mary Ellen Glynn, Columbia spokeswoman.
Weve got some people who are more than a mile away and this will allow us to move them, Glynn said. It will also provide space for new employees. Thats the exciting part.
The three new buildings are less than a mile from the main campus, directly next door to the Columbias company store. All three will get makeovers before employees move in. One of the three will be ready for occupancy by June 2020, the other two by June 2021.
Laser manufacturer ESI sold last year to a Massachusetts company, MKS Instruments, for $1 billion. MKS chief financial officer Seth Bagshaw said Thursday that ESI had excess property in Washington County for many years and said the decision to sell the buildings to Columbia represented a unique opportunity. He said Oregon will remain headquarters for MKS ESI division.