Automatic Data Processing, the 115,000-sf anchor of the 181,000-sf ADP Plaza office building in Downtown Portland, has CB Richard Ellis negotiating with the representatives of ADP Plaza and at least three other building owners in order to take advantage of the current depressed marketplace.

CBRE' s Nathan Zoucha, a Portland-based broker working with Senior Director Robair Reichenstein out of the New York office, confirms for GlobeSt.com that ADP has a lease expiring Dec. 31, 2004 and is looking to seal a new deal in the near future with either its existing landlord--an Indonesian group represented by Gary Griff and Scott Madsen of Cushman & Wakefield--or with the owner of another building in the area. "We're looking at buildings able to bridge that gap with free rent or existing tenants," says Zoucha.

One top relocation option, says Zoucha, is Qwest Communications' 292,000-sf building at 421 SW Oak St. in Downtown Portland, which is currently being marketed for sale by Grubb & Ellis along with the rest of Qwest's local portfolio. Zoucha says ADP is pondering a deal with Qwest in which a downsizing Qwest would phase itself out of some of the space as ADP phased itself in--without ADP having to pay double rent.