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.
PPM Technologies manufactures conveying, seasoning, and frying equipment for food processors worldwide. The company traces its roots to 1892, when the Allen Fruit Company was founded in Oregon, and transitioned into food processing equipment manufacturing in the 1950s, according to PPM’s about page. It was acquired by Duravant, a global food processing and packaging equipment conglomerate, in 2023, according to the company’s website.
The company employs between 51 and 200 people, according to its LinkedIn profile, with at least 62 listed as working in the Newberg area.
The company declined to provide details about its plans for the facility. In a written statement, Marketing Communications Manager Nicholas Schoen said PPM was not in a position to comment at this time, but expects to have more information in the coming months.
The property sits on 5.59 acres and is zoned M2 Light Industrial within the City of Newberg’s Enterprise Zone, which offers property tax abatements on eligible equipment, machinery, and new construction. The building was originally constructed between 1950 and 1970 and underwent renovation in 2020.
Learn more details about the structure and amenities at loopnet.com.
