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Archive for the ‘Vacancies’ 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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TechDex (apps|provider|hardware|var)

Central Business District

EcoZoom – U-Store West | 2820 NW Nela St | 2,389 RSF

Elemental Technologies – Broadway Commons | 225 SW Broadway | 16,730 RSF

Westside

Technocom – Canyon Creek | 7929 Burns Way – Wilsonville | 10,360 RSF

Mainstreet Software – Nimbus Corp Ctr | 9600 SW Nimbus Ave | 3,635 RSF

IBM – Amberglen Corp Ctr | 1385 NW Amberglen Pkwy | 24,807 RSF

Clear Channel – Triangle Pointe | 1333 SW 68th Pkwy | 25,859 RSF

USF Reddaway – SouthCenter – Bldg H |7720 SW Mohawk St | 24,113 RSF

Applied Materials – AmberGlen Business Ctr | 20575 NW Von Neumann Dr | 20,637 RSF

Eastside

Vendscreen – Cascade Station | 9600 NE Cascades Pkwy | 5,637 RSF

Vancouver

Advantel – VancouverCenter | 700 Washington St | 3,230 RSF renewal

NXP Semiconductors – Park Tower Biz Ctr | 201 NE Park Plaza Dr | 1,240 RSF renewal

Jenkon – Park Tower Biz Ctr | 203 SE Park Plaza Dr | 10,257 RSF

MediaDex (traditional|digital|research)

Central Business District

ThinkType – Lombard Building | 224 SW First Ave | 2,500 RSF

MP Event Productions – Pythian Bldg | 918 SW Yamhill | 10,000 RSF

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

Central Business District

Schulte Anderson Downes Aronson Bittner – Paulson Bldg | 811 SW Naito Pkwy | 8,568 RSF renewal

S.R. Smith LLC – Andrus Building | 227 NW Third Ave | 3,043 RSF

Eastside

Concannon Lumber – Pacific Plaza | 2950 SE Stark St | 3,124 RSF

Land Use Consulting – Whitaker Way Industrial Pk | 13115 NE David Circle | 3,576 RSF

Westside

Thenell Law Group – Pacific Parkway Ctr | 12909 SW 68th Pkwy | 3,400 RSF

Robyn’s Nest Property Mgmt – Murrayhill Marketplace | 14780 SW Osprey Dr | 2,499 RSF

Academy Mortgage – Three Centerpointe | 3 Centerpointe Dr | 2,201 RSF

Life Safety Corp – Sunset Hwy Biz Pk | 23710 NW Clara Lane | 2,953 RSF

Diversified Consultants – SouthCenter | 7575 SW Mohawk St | 12,927 RSF

Voyager Enterprises – Cornell Center | 16155 NW Cornell Rd | 1,794 RSF

Vancouver

Susan Gregg Insurance – The Timbers | 9120 NE Vancouver Mall Loop | 1,275 RSF

Precision Lumber – Park Tower Biz Ctr | 201 NE Park Plaza Dr | 1,786 RSF

Grant Gehrmann Law – Park Tower Biz Ctr | 203 SE Park Plaza Dr | 1,585 RSF

HealthDex (hospital/provider|managed care|equipment)

Westside

Legacy Health – Cornell Medical Plaza | 1960 NW 167th | 13,618 RSF

Forbes Optical – Willamette Marketplace | 2020 W Eighth | 1,871 RSF

Pacific NW Renal Svs – Sunset Oaks Ctr | 5333 W Baseline Rd | 7,234 RSF

Central Business District

Oregon Eye Specialists – Willamette Park Plaza | 6420 SW Macadam Ave | 3,673 RSF

GovDex (government)

Eastside

Pacific States Marine Fisheries – River Park Center | 205 SE Spokane St | 15,407 RSF renewal

SALE

Property: First Tech Credit Union

Address: 3555 SW 153rd Drive, Beaverton, OR

Size: 50,000 RSF

Price: $11,640,000

Buyer: FT Equities

Sellers: 1438 I Street LLC and PKM Properties II LLC

 

 

Property: Macleay Apartments

Address: 1931 NW 29th Avenue, Portland, OR

Size: 14 units

Price: $1,800,000

Buyer: Atherton LLC

Seller: Gafco Properties LLC

 

 

Property: Sara Ann Apartments

Address: 2255 NW Johnson Street, Portland, OR

Size: 16 units

Price: $1,450,000

Buyer: Sara Ann LLC

Seller: Gafco Properties LLC

 

 

Property: Charlotte Rose Apartments

Address: 2235 NW Johnson Street, Portland, OR

Size: 16 units

Price: $1,400,000

Buyer: Charlott Rose LLC

Seller: Gafco Properties LLC

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

Vancouver

Aacres – Thurston 500 | 4317 NE Thurston Way | 2,620 RSF

GE – Barrett Building | 8100 NE Parkway Dr | 6,170 RSF

Union Pacific – Park Tower 3 | 222 NE Park Plaza Dr | 3,925 RSF renewal

Action West – Park Tower Addition | 201 NE Park Plaza Dr | 4,822 RSF renewal

Legacy Group Lending – Park Tower 4 | 12500 SE Second Circle | 1,565 RSF renewal

Joemar – Park Tower 5 | 13115 NE 4th St | 2,290 RSF renewal

Central Business District

Atlantic and Pacific Real Estate – 4800 SW Macadam Ave | 3,472 RSF sublease

Mass Ingenuity – Water Tower | 5331 SW Macadam Ave | 2,429 RSF

Westside

Omego Morgan Holdings – 23780 NW Huffman Rd | 2,880 RSF sublease

Eastside

Clear Skies Virtual Events – Hollywood Station | 4224 NE Halsey | 2,415 RSF

Cobalt Mortgage – Sunnyside Plaza | 10001 SE Sunnyside Rd | 2,290 RSF

SustainDex (environmental|sustainable|clean/bio tech)

Central Business District

American Rivers – Loyalty Building | 317 SW Alder St | 2,992 RSF

NonProfDex (charitable|education|trade assoc)

Eastside

Gresham-Barlow Schools – Gresahm Corp Ctr | 1550 NW Eastman Pkwy | 4,488 RSF

Central Business District

Childroots Northwest – 1740 NW Flanders St | 7,912 RSF

HealthDex (hospital/provider|managed care|equipment)

Westside

Neighborhood Health Center – Beaverton Plaza | 3720 SW 141st Ave | 3,005 RSF

Central Business District

Pearl Dental – Nine Three Seven Condos | 937 NW Glisan St | 2,098 RSF

DesignDex (A/E|apparel|graphic d)

Eastside

Compass Engineering – Minthorn Biz Center | 4107 SE International Way | 4,708 RSF

Central Business District

Lease Crutcher Lewis – 1135 SW Alder St | 15,569 RSF

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

Central Business District

DKS Associates – Morgan Building | 720 SW Washtington St | 11,342 RSF

NBC – American Can Bldg | 2127 NW 26th Ave | 20,500 RSF

TechDex (apps|provider|hardware|var)

Eastside

Chrome Systems – Lloyd 700 | 700 NE Multnomah | 2,785 RSF expansion

Fashion Buddha – Leftbank Building | 240 N Broadway | 4,700 RSF

Westside

Prince Telecom – 14215 NW Science Park Dr | 3,525 RSF

Central Business District

Quango – River Forum I | 4380 SW Macadam Ave | 5,096 RSF

DesignDex (A/E|apparel|graphic d)

Central Business District

Transalta Engineering – KOIN Center | 222 SW Columbia St | 3,046 RSF renewal

HealthDex (hospital/provider|managed care|equipment)

Westside

Tuality Physicians – Tuality Prof Plaza | 730 SE Oak St |3,600 RSF

Premier Retirement Systems – Parkway Plaza | 25195 SW Parkway Plaza | 2,845 RSF

Behavioral Diagnostics – The Highlands | 8440 SW Westgate | 1,389 RSF

SustainDex (environmental|sustainable|clean/bio tech)

Eastside

Imagine Energy – 2409 N Kerby Ave | 10,000 RSF

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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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It was a fairly strong finish to the year in commercial real estate transactions in Portland/Vancouver. While the markets are no where near the peak of 2007, they are definitely in recovery mode with downtown Portland and Columbia Tech Center in Vancouver both shining spots. Technology, healthcare, sustainable and creative firms have led the way with some notable expansions including PeaceHealth, HP, Lionbridge, OCHIN, Inside Trax, Springbrook Software, Dachis Group, Ebay, SoloPower and EnergyTrust signing big leases in 2011.  2012 should build on this strong momentum through the first half of the year!

TechDex (apps|provider|hardware|var)

Central Business District

Ochin – 1881 Building | 1881 SW Naito Pkwy | 38,316 RSF

Westside

RimTech – Oswego Town Square | 9 Monroe Parkway | 3,567

Electromagnetic Investigations – Tanasbourne Biz Pk | 20811 NW Cornell Rd | 3,889 RSF

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

Central Business District

JE Moody & Co – Pioneer Park Bldg | 625 SW Broadway | 4,342 RSF

Eastside

American Pacific Mortgage – Three Town Ctr | 10121 SE Sunnyside | 2,763 RSF

52 Limited – Cully Building | 330 SE MLK Jr Blvd | 4,400 RSF

RMLS – Portland Int’l Plaza | 8338 NE Alderwood | 9,160 RSF

Westside

Ranstad Staffing – Park 217 Corp Ctr | 12110 SW Garden Place | 3,200 RSF

DesignDex (A/E|apparel|graphic d)

Central Business District

Morrison Hershfield – RiverSide Centre | 5100 SW Macadam Ave | 3,861 RSF

Symbiotics LLC – Paulson Bldg | 811 SW Naito Pkwy | 3,629 RSF

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