June 24, 2019
ASB Real Estate Investments signed a lease with Skanska for 21,078 square feet at 1010 NW Flanders St. in the heart of Portland’s Pearl District. ASB and partner Specht Development Inc. recently undertook an extensive $10-million redevelopment, transforming the former industrial property into a Class A, creative office and retail space.
ASB’s Aaron Duncan says, “Skanska’s long-term commitment to 1010 NW Flanders shows the significant interest from best-in-class companies in the loft style space we have created to meet growing tenant demand in the Pearl District.”
Built in 1922 and listed on the U.S. National Register of Historic Places, the property features a distinctive brick façade with timber and concrete construction, flexible 10,000-square-foot floorplates, 11- to 14-foot high ceilings, hardwood floors, industrial-sized, operable windows, exposed duct work and a new 2,500-square-foot rooftop deck.
Colliers International’s Brad Christiansen represented the tenant. CBRE’s Trevor Kafoury, Al Kennedy, and Carlo Castoro advised the landlord.
For comments, questions or concerns, please contact Dennis Kaiser