NEWBERG, Ore. — A large industrial facility on East Illinois Street that houses food processing equipment manufacturer PPM Technologies has been listed for lease or sale.
The approximately 103,723-square-foot Newberg Industrial Park property at 500 E. Illinois St. was listed on the commercial real estate platform LoopNet on April 15, 2026. The listing is being handled by brokers Kathy and Andre Meyer.
The building is fully leased to PPM Technologies through January 2027, with the listing noting an earlier release may be available. According to the listing, the property is available for both lease and sale. The asking sale price is $10,600,000 cash at closing. Lease rates average $1 per square foot for manufacturing, warehouse, and office space, and $0.50 per square foot for basement and loft storage, according to a property flyer…