July 20, 2017
LaSalle Investment Management acquired Pearl West, a newly developed, 155,465-rentable-square-foot Class A office tower in Portland, OR. HFF marketed the property on behalf of the seller, Walter C. Bowen’s BPM Real Estate Investments LLC, and procured the buyer.
Completed in 2016, Pearl West is a LEED Gold-certified, mid-rise office tower that blends creative office suites with high-street retail. The property features 17,800-square-foot typical floorplates, parking for 150 vehicles, storage for 87 bicycles and tenant shower and locker facilities.
The 89%-leased property is home to such tenants as Wacom, Zoom+, Regus and Howard S. Wright. The nine-story building at Northwest 14th Avenue and Northwest Irving Street, anchors the west side of Portland’s Pearl District and is situated directly next to Interstate 405.
HFF’s Nick Kucha, James Childress and Logan Greer handled the sale.
For comments, questions or concerns, please contact Dennis Kaiser