Nike Plans Corporate Headquarters Expansion in Oregon

Company purchases 15 acres and leases a three-story building to expand its area headquarters

"The transaction was perfectly timed and makes ultimate sense as it rounds out (Nike's) corporate campus," Fletcher said.

The lease also was well-timed good news for Fletcher's Grubb & Ellis brokerage. The firm suffered a black eye earlier this month when the AmberGlen Business Center, which Grubb leased on behalf of owner State Farm Insurance, was sold in a deal brokered by the new Portland office of GVA Kidder Matthews.