Texas CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors

Topics

Texas  + Office  | 

Lincoln Beats Out Others for Ownership of 121K-SF Portland Office

Lincoln Property Co. beat out a multitude of other investors to become the Fremont Place I and II office complex’s new owner. The Dallas buyer paid Boston seller TA Associates Realty $31.5 million for the 121,500-square-foot, two-building property on the Willamette River in Portland, OR.

Seller reps Gary Griff and Jim Lewis with Cushman & Wakefield had more than 100 investors showing interest in the asset at 1650-1750 N.W. Naito Pkwy., gave 30 tours to prospective buyers, and received a dozen offers. All but 14,000 square feet has been leased, and Griff said that the vacant space has been converted into creative office space.

For comments, questions or concerns, please contact Amy Sorter

Connect

Inside The Story

Read More at Portland Business JournalConnect with Cushman & Wakefield's GriffConnect with Cushman & Wakefield's Lewis

About Mark El-Rayes

Mark El-Rayes is an award winning designer and photographer from Beirut, Lebanon. El-Rayes has over 15 years in the design industry, 5 years of which he served as a Mass Communication Specialist in the United States Navy at Naval Air Station North Island, Navy Public Affairs Support Element - West (NPASE). El-Rayes is a full-stack developer, seo specialist, photographer, and artist.

Step 1: Select Education
  • ◦Sale/Acquisition
  • ◦Sale/Acquisition