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Kafoury, Green, West, McPherson Office Commercial Properties
Kafoury, Green, and West
Historic U.S. Bank Block
The Historic U.S. Bank Block was sold in late 1999 to John Beardsley. The Block, consisting of approximately 180,000 square feet, was empty except for two floors leased back to U.S. Bank. For more than one year prior to the sale, the majority of the Block sat empty. Its location on the transit mall, its lack of parking, and the competition for available space in the area presented many challenges. What kind of tenant would be interested in space formally occupied by a bank?
Montgomery Park had 300,000 square feet available and had seen significant vacancy for the past two years. There had been limited tenant activity and high competition between landlords for quality tenants. Montgomery Park had also fallen off the radar by brokers and prospective tenants.
State Farm Insurance - Kruse Way
State Farm needed to combine two current Portland-Area corporate offices, but their current location could not yield an efficient expansion option. State Farm needed a central location so that agents from both east-side and west-side locations could easily gather for meetings, conferences, and training sessions.
State Farm Insurance - Salam, OR
Needing to downsize and relocate, State Farm sold their existing building. However, in the Salem, Oregon market there are a few existing buildings that could accomodate their requirement. Hence, a build-to-suit, or land on which a building would be constructed especially for our client, became a serious possibility.
UPS-Supply Chain Solutions
UPS-SCS was co-locating with a competitor and needed to relocate its premises immediately. Security was a major concern, as was saving money. Corporate mandated cost savings and a new location in one hundred and twenty days.
Vesta outgrew their corporate offices at the Historic U.S. National Bank Block and had to relocate with two years remaining on their lease. Being a full-floor space with high-end finishes and pleasing aesthetics, there was an opportunity to successfully find a subtenant. However, leasing trends indicated few 8,500-square-foot tenants were in the market for office space.
Xiotech was moving a portion of its business from Minneapolis to Vancouver, Washington. Their company was growing fast, and they needed space within three months. In addition, they wanted a Class "A" building in order to lure engineers from Beaverton and Hillsboro to Vancouver.
Client Satisfaction Survey
Last Modified: Monday, July 16, 2012
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