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JLL Arranges Portland Flex Building Sale to Sherpa Design
JLL announced today a sale of 224 SE 2nd Street, a 14,589-square-foot, Class B flex building in Portland’s Central Eastside neighborhood. JLL represented the seller, Beam Development and Urban Development + Partners, which had recently renovated the former coffee production facility for new tenants and eventual sale.
JLL also represented buyer Sherpa Design in the off-market sale. The seller was represented by a JLL team led by Managing Director Buzz Ellis of Capital Markets and Vice President Annalore Rodman of Agency Leasing. “Beam and UD+P are strong local firms that JLL has worked with for many years, and in 2018, we worked with them on the improvements to transform this industrial space to be a more usable and desirable space that would attract a variety of tenant uses,” says Rodman.
Sherpa, a 22-year-old product development, engineering services, and manufacturing firm, is relocating and expanding into the new space from another site in Portland.
