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Posts Tagged ‘lease’

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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Oregon ranks #1 among the states when it comes to the portion of the GDP which can be attributed to manufacturing. Oregon’s manufacturing, specifically durable goods, continues to be a strong contributor to our economy. Durable good manufacturing is very cyclical and jobs are directly tied to overall output. This will bode well for Oregon’s employment as production continues to accelerate.  A trend of expanding and bringing manufacturing back into the states, “reshoring”, has recently been seen in Portland by the likes of Oracle and Shimadzu.

OR GDP is 29% manufacturing

OR GDP is 29% manufacturing

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Dachis Group (formerly XPLANE and StepChange) made a move into downtown Portland from the Pearl District in early Spring (March/April), effectively doubling their office space. Merging two companies under one roof was no easy task, so it was key that everyone felt the new office space supported the culture of the firm in Portland. 

After an extensive search, a location was identified in the Commonwealth Building on SW Sixth Avenue. It is on the ground floor and has its own entrance and a mezzanine level. Previously occupied by an architecture firm, the space features exposed concrete ceilings, huge windows and an old safe. The look ties nicely to the creative vibe Dachis desires.  The location places them in close proximity to mass transit, food carts, and all the energy of the downtown core.

A major build out included 7-8 small conference/collaborative workrooms and 2 large conference/presentation rooms.  An extensive kitchen with adjoining lounge to accommodate ping pong and shuffleboard was added to create a relaxing and fun hang out area for everyone. The mezzanine level is a winding curve shape affixed atop several large concrete pillars and provides some interesting opportunities for peeking down onto common areas.  A fading frosted glass technique was used on the windows to prevent pedestrian traffic from seeing in while still allowing natural light into the space. Building amenities include a fitness center, showers, lockers and secured bike storage for those who commute on two wheels.

All in all, one very cool space for thinking creatively.

Client: Dachis Group

Building: Commonwealth Building

Address: 421 SW Sixth Avenue, Portland, OR

Size: 18,097 RSF

dachis open workstations

view of fading frosted windows

mezzanine dev workstations

lounge area

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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)

Westside

Hansen Hunter – Nimbus Corp Center | 8930 SW Gemini | 7,556 RSF

E-Business International – Beaverton Creek | 3003 SW 153rd | 10,031 RSF

Vancouver

Directors Mortgage – Kirkwood Business Ctr | 2105 NE 129th Ave | 2,566 RSF

TechDex (apps|provider|hardware|var)

Central Business District

Forix – Jefferson Office Park | 2120 SW Jefferson St | 3,093 RSF

Westside

Vishay Intertechnology – Amberglen Business Ctr | 1600 NW Compton | 1,868 RSF

NonProfDex (charitable|education|trade assoc)

Central Business District

Pivot Learning – Electric Building | 621 SW Alder St | 9,000 RSF

HealthDex (hospital/provider|managed care|equipment)

Westside

Diamond Physical Therapy – Jackson Business Ctr | 7800 SW Durham Rd | 7,088 RSF

 

SALE

Property: Arbor Creek Apartments

Address: 3280 SW 170th, Beaverton, Oregon

Size: 440 units

Price: $35,500,000

Seller: Kennedy Wilson

Buyer: Holland Partners Group

 

Property: Kelly Green Apartments

Address: 252 NE Kane Drive, Gresham Oregon

Size: 25 units

Price: $1,520,000

Seller: Jaroslav Hass

Buyer: Kennewick Man LLC

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TechDex (apps|provider|hardware|var)

Central Business District

Syn-Apps – 1100 Building | 1100 NW Glisan St | 2,617 RSF

NonProfDex (charitable|education|trade assoc)

Eastside

Summer College – 8338 NE Alderwood | 8,827 RSF

Westside

Democratic Party of Oregon – Hall Retail Plaza | 10120 SW Hall Blvd | 2,730 RSF

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

Westside

InfoGroup Northwest – One Centerpointe | 1 Centerpointe Drive | 3,948 RSF

Vancouver

JEC – Columbia Tech Center | 1499 SE Tech Ctr Pl | 1,764 RSF

HealthDex (hospital/provider|managed care|equipment)

Central Business District

Zoomcare – Standard Insurance Ctr | 900 SW Fifth Ave | 1,800 RSF

OHSU – Fifth Avenue Bldg | 1400 SW Fifth Ave | 8,227 RSF

Bridgetown Physical Therapy – Crown Plaza | 1500 SW First Ave | 4,429 RSF

Westside

Beaverton Eye Health – Progress Ridge Town Sq | SW Murray Blvd & Barrows Rd | 1,213 RSF

SustainDex (environmental|sustainable|clean/bio tech)

Central Business District

River Network – Police Building | 209 SW Oak St | 3,365 RSF

GovDex (government)

Eastside

FBI – Cascade Station | 9109 NE Cascades Parkway | 134,159 RSF new construction

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