ADP Plaza Again 100% Leased and Ready for New Owner

PORTLAND-Oregon Health Sciences University is bringing ADP Plaza back to 100% occupancy — just in time for the sale of the 183,000-sf office building on the southern outskirts of the central city at 2525 S.W. First Ave.

Cushman & Wakefield’s Scott Madsen, leasing agent for the building along with Ramona Harrington, tells GlobeSt that OHSU is adding to its approximately 20,000 sf by taking all available space in the building. That includes about 3,000 sf adjacent OHSU’s existing space on the second floor of the building’s east wing, and all 24,000 sf on the ground floor of the east wing vacated by Bank of America.

ADP is the anchor tenant in ADP Plaza, taking 115,000 sf. OHSU is now the second largest tenant in the building, with 46,721-sf, and Bank of America still maintains a 16,000-sf presence in the building. Full service lease rates for ADP Plaza are said to be around $20/sf.