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Seattle & Northwest  + Oregon  + Office  | 

Historic Portland Courthouse Sold, Conversion Envisioned

The historic Central Courthouse located at 1021 SW 4th Avenue in downtown Portland, OR has traded for $28 million. Portland-based NBP Capital, LLC acquired the century-old building, which is listed on the National Register of Historic Places, from Multnomah County.

The building is currently home to the County’s court operations, and the County will continue to lease the property until completion of its new Central Courthouse at SW 1st Avenue and SW Madison Street in 2020. Built between 1909 and 1914, the eight-story, neo-classical building has a gross building area of 323,486 square feet.

CBRE’s Charles Safley and Graham represented Multnomah County in the sale.

NBP Capital’s Ryan Feigelson says, “Our team at NBP Capital is grateful for the opportunity to preserve, protect, and renovate one of the most special assets in the Portland-Metro. This acquisition fits perfectly within our long-term business plan to acquire and convert value-add real estate investments within the central city.”

For comments, questions or concerns, please contact Dennis Kaiser

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About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

  • ◦Sale/Acquisition
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