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Abbott Acquires Pair of Portland Central Eastside Assets
San Francisco-based Abbott Corporation acquired two office assets, American Brush and Framework, in Portland’s Central Eastside from Portland-based Urban Development and Partners (UD+P). Located at 116 and 134 NE Sixth Ave., respectively, the buildings total 35,197 square feet and are both 100% leased.
Lone Tree Partners’ Patrick Gilligan Sr. represented the buyer. NKF’s Sean Fulp, Bill DeLacy and Nick Kucha represented the seller.
Nick Kucha says, “The finish quality, open layouts and abundant light of both American Brush and Framework visually complement one another, making the paired offering highly marketable. The buildings generated significant investor interest due to asset quality, location and an excellent tenant mix.”
UD+P’s adaptive reuse of the 1907-built American Brush building in 2013, once home to the American Brush Company, included structural seismic renovations and design restorations featuring exposed brick and timber and open office layouts. In 2015, UD+P delivered adjacent Framework (pictured), a five-story heavy timber and curtain wall glass office building.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition

