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Archive for the ‘building sale’ Category

Tied with San Francisco, but considerably more affordable, Portland registered an Overall Office Vacancy Rate of 11.2%, the lowest level since the peak of activity in 2008.

Tied with SanFran for lowest office vacancy

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GovDex (government agencies)

Vancouver

US Forest Service – Gifford Pinchot Building | 10600 NE 51st Circle | 40,664 RSF renewal

GeneralBizDex (consulting|finance|insurance|legal|other)

Westside

Norpac – Arneson Building | 4350 SW Galewood Rd | 20,844 RSF

D. Hawes & Associates – Hilltop Business Ctr | 7360 SW Hunziker Rd | 2,003 RSF

Central Business District

Kerns & Thompson – Harrison Square | 1800 SW First Ave | 7,100 RSF

Eastside

Medallion Forest Products – Portland International Plaza | 8338 NE Alderwood Rd | 2,613 RSF

Active Telesource – Minthorn Business Center | 4099 SE International Way | 11,228 RSF

TechDex (apps|provider|hardware|var)

Westside

Duggal – 15350 SW Sequoia Parkway | 2,577 RSF

AZAD – 217 Corporate Center | 6600 SW 105th Ave | 2,337 RSF

Synergy Business Solutions – PacTrust Business Ctr | 16250 SW Upper Boones Ferry | 4,090 RSF

HealthDex (hospital/provider|managed care|equipment)

Central Business District

Medical Staffing Network – Riverside Centre | 5100 SW Macadam Ave | 2,345 RSF

Eastside

Pacific NW Renal Services – International Corp Ctr | 11909 NE Glenn Widind Dr | 11,850 RSF

 

SALE

Property/type: Industrial and retail

Address: 13921 SW Tualatin Sherwood Rd, Sherwood OR

Size: 60,000 SF

Price: $3,600,000

Buyer: Amerco

Seller: Tercek Properties LLC

 

Property/type: Retail Center

Address: 18540 SW Farmington Rd, Beaverton OR

Size: 9,017 SF

Price: $1,800,000

Buyer: Sun & Khu Kim

Seller: Allen Trust Company for William Angelos

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TechDex (apps|provider|hardware|var)

CBD

Devonway – Yamhill Plaza | 815 SW Second Ave | 1,712 RSF renewal

West

Apex Labs – Park 217 | 12172 SW Garden Place | 16,534 RSF renewal

SustainDex (environmental|sustainable|clean/bio tech)

East

Technology Conservation Group – Parkrose Biz Ctr | 11717 NE Marx | 7,195 RSF

CBD

MWH Americas – Jackson Tower | 800 SW Broadway | 8,820 RSF

NonProfDex (charitable|education|trade assoc)

West

WCC Oregon Inc – 1 Lincoln Center | 10300 SW Greenburg Rd | 1,353 RSF

East

Kingdom Point Int’l – Division Plaza | 2140 SE 121st | 2,365 RSF

GeneralBizDex (consultint|finance|insurance|legal|other)

CBD

Chernoff Vilhauer – ODS Tower | 601 SW Second | 11,007 RSF renewal

Mitra Law Firm – 1000 Broadway | 1000 SW Broadway | 5,650 RSF

HealthDex (hospital/provider|managed care|equipment)

East

Columbia Care Corp – Monterey Plaza | 8495 SE Monterey Ave | 2,758 RSF

Vancouver

Pacific NW Renal – Stonemil Biz Ctr | 312 SE Stonemill Dr | 11,827 RSF

 

SALES

Property: King Arthur Estates

Address: SE 147th Street, Happy Valley, Oregon

Buyer: Lennar NW

Seller: Bank of the West

Price: $2,000,000

Size: 40 residential lots

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GeneralBizDex (consulting|finance|insurance|legal|other)

Central Business District

Kidder Mathews – Umpqua Bank Plaza | 1 SW Columbia St | 12,109 RSF renewal

Vanden Bos Chapman – Spalding Bldg | 319 SW Washington St | 4,332 RSF renewal

Westside

Guild Mortgage – Wilsonville Town Ctr | 29100 SW Town Ctr Loop | 3,871 RSF

Vancouver

Guild Mortgage – Park Tower Biz Ctr – Bldg 1 | 201 NE Park Plaza Dr | 4,991 RSF

HealthDex (hospital/provider|managed care|equipment)

Central Business District

Summit Research Network – Montgomery Park | 2701 NW Vaughn | 11,117 RSF renewal

Ortho RX – Barbur Biz Center | 9570 SW Barbur Blvd | 3,100 RSF

NonProfDex (charitable|education|trade assoc)

Westside

Metropolitan Public Defender – East Main Plaza | 400 E Main St – Hillsboro | 13,150 RSF

Lewis & Clark College – CTGR Building | 4445 SW Barbur Blvd | 2,781 RSF

SustainDex (environmental|sustainable|green/bio tech)

Central Business District

Air Sciences – Overton Pearl | 1626 NW 15th St | 5,400 RSF

TechDex (apps|provider|hardware|var)

Westside

Cricket Communications – Pacific Corp Ctr | 7007 SW Cardinal | 4,481 RSF

Central Business District

TicketsWest – 618 Building | 618 NW Glisan | 2,742 RSF

 

SALES

Property: Park Terrace Apartments

Address: 2073 SW Park Ave, Portland, OR

Seller: Park Terrace LLC

Buyer: RDC Fund V Park Terrace LLC

Price: $6.3M or $121,153 per unit

 

Property: Gresham Townhomes Apartments

Address: 1203-1221 E Powell Blvd, Gresham, OR

Seller: Dale and Jeri Remillard Living Trust

Buyer: Gresham Townhome Strategies LLC

Price: $1.09M or $49,500 per unit

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TechDex (apps|provider|hardware|var)

Central Business District

Dachis Group (XPLANE/StepChange) – Commonwealth Bldg | 421 SW Sixth Ave | 18,097 RSF

 

SALES

Address: 1233 NW 12th St, Portland OR

Size: 80,000 SF

Price: $10.35M or $129.37/SF (were asking $12.9M)

Buyer: Affiliate of Unico Properties

Seller: C&E Properties

Property: Westview Heights

Address: 18301 N Chemeketa Lane and 5532/5797 NW 183rd Ave, Beaverton OR

Size: 198-unit apartment property

Price: $29.5M or $159,000/unit

Buyer: Kennedy Wilson, CA

Seller: Sean Keys, OR

Property: Willow Grove

Address: 11981 SW Center Street, Beaverton OR

Size: 119-unit apartment property

Price: $12.6 M or $105,882/unit

Buyer: Security Properties, WA

Seller: Belkorp Holdings, Canada

Property: Richmond Park

Address: 18300 NW Walker Rd, Beaverton OR

Size: 100-unit apartment property

Price: $12.1M or $121,000/unit

Buyer: Security Properties, WA

Seller: Belkorp Holdings, Canada

Property: Richland Terrace

Address: 15195 SW Walker Rd, Beaverton OR

Size: 83-unit apartment property

Price: $9.6M or $115,662/unit

Buyer: Security Properties, WA

Seller: Kelkorp Holdings, Canada

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HealthDex (hospital/provider|managed care|equipment)

Central Business District

Legacy Health – AdTech II Building | 2055 NW Savier St | 1,058 RSF

Insignia Health – Haseltine Building | 133 SW Second Ave | 829 RSF

Westside

Willamette Pain and Spine Ctr – Willamette MarketPlace | 2020 Eighth Ave | 4,631 RSF

TechDex (apps|provider|hardware|var)

Central Business District

Spire Technologies – Jefferson Office Park | 2140 SW Jefferson St | 3,250 RSF

Westside

United Technologies – Lakeside Center | 8100 SW Nyberg Rd | 8,789 RSF

Senva – Nimbus Oaks | 9290-9300 SW Nimbus Ave | 12,280 RSF

GeneralBizDex (consulting|finance|insurance|legal|other)

Westside

Randstad – Park 217 | 12110 SW Garden Pl | 3,200 RSF

Parsons & Germer – Plaza West | 9600 SW Oak St | 2,790 RSF

Central Business District

David McDonald – Postal Building | 510 SW Third Ave | 1,344 RSF

DesignDex (A/E|apparel|graphic d)

Central Business District

HDR Engineering – Congress Center | 1001 SW Fifth Ave | 48,111 RSF renewal

Westside

Rockwell Collins – OIT | 27500 SW Parkway Ave | 34,180 RSF sublease

NonProfDex (charitable|education|trade assoc)

Eastside

Volunteers of America – 10209 SE Division St | 7,340 RSF

SustainDex (environmental|sustainable|clean/bio tech)

Westside

Aspen BioFuels – Savage Wholesale | 5335 SW 107th Ave | 39,534 RSF

 

SALE

Property: 3525 SW 122nd Ave., Beaverton, OR

Seller: Dash II Investments LLC

Buyer: Project Bloom

Size: 13,816 SF commercial building

Price: $1.65 million

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Activity has heated up over the last month, with technology leading the way in new leases. Here’s what we’ve seen over just the last two weeks.

TechDex (apps|provider|hardware|var)

Central Business District

Walmart Mobile – One Main Place | 101 SW Main St | 1,632 RSF

CPUsage – Merchant Hotel | 222 NW Davis St | 1,589 RSF

Nexant – Loyalty Building | 317 SW Alder St | 2,243 RSF

CSGpro – Wool Growers Building | 734 NW 14th Ave | 7,010 RSF sublease

Westside

Westmark Electronics – Creekside Corp Pk | 8905 SW Nimbus Ave | 2,28 RSF

Monte Carlo – Parkside Biz Ctr | 8250 SW Cirrus | 2,525 RSF

GeneralBizDex (consulting|finance|insurance|legal|other)

Vancouver

Frumenti Lander Wallace – Murdock Exec Plaza | 703 Broadway | 4,354 RSF

Columbia Ventures – First Place Plaza | 12503 SE Mill Plain Blvd | 1,456 RSF

Summit Mortgage – Park Tower Business Center | 13115 NE 4th | 4,990 RSF

Westside

Baker & Gingell – Cornell West | 1500 NW Bethany Blvd | 2,000 RSF

HealthDex (hospital/provider|managed care|equipment)

Vancouver

Will Vision – Parkway Plaza II | 8100 NE Parkway Dr | 5,871 RSF renewal

NW Injury & Rehab –  Greenwood Office Ctr | 7700 Greenwood Dr | 2,868 RSF

Zenaptic Chiropractic – Fourth Plain Shopping Ctr | 3021 NE 72nd | 2,306 RSF

Westside

Spring Water Natural Medicine – 4970 SW Main St. Bvtn | 1,841 RSF

DesignDex (A/E|apparel|graphic d)

Central Business District

Garmont NA – 308 NW 11th Ave | 2,101 RSF

Westside

C2F – Utility Industrial Ctr | 7805 SW Hunziker Rd | 7,000 RSF

NonProfDex (charitable|education|trade assoc)

Eastside

United Cerebral Palsy Association of Oregon –  305 NE 102nd Ave | 10,696 RSF

Westside

Westside Music School – 167 East Biz Park | 1800 NW 167th Pl | 2,365 RSF

Paladan Elementary School – North Twin Bldg | 15285 NW Central Dr | 1,857 RSF

Vancouver

Identity Clark County – Pacific Tower | 915 Broadway | 1,260 RSF

MediaDex (digital|traditional|market research)

Central Business District

Vox Public Relations – Loyalty Building | 317 SW Alder | 1,763 RSF

SALE

Property: Donnelly Museum Building

Address: 3934 SW Corbett Avenue, Portland, Oregon 97239

Seller: Donnelly Museum Building LLC

Buyer: Heritage Tree Properties LLC

Size: 7,500 RSF

Price: $1,150,000.00 or $153 per SF

Details: Owner/user building.  Previous uses include office space for a software firm and as a gallery.

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