Industrial District is Primed for Extension of Slabtown

Montgomery Park consists of a nine-story 745,000-square-foot office building that was constructed in 1921.

PORTLAND, OR—The Northwest district is primed for responsible development and growth with the recent sale of a 22-acre ESCO property to a group of prominent Portland real estate investors, the new 60,000-square-foot Redfox Commons creative office development and the city pursuing the streetcar expansion to the Northwest.

The 22-acre property is adjacent to another site that was recently acquired. In a joint venture partnership acquisition, Unico Properties LLC, a subsidiary of Unico Investment Group LLC, and Partners Group, a private markets investment manager, have purchased Montgomery Park, an 18-acre 745,000-square-foot property in downtown Portland’s Northwest/Slabtown district. Partners Group made the investment on behalf of its clients.