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Office Investors Continue to Target Downtown Portland

With an acquisition strategy that includes downtown Portland, PCCP recently paid $96.5 million for the nearly fully leased asset, Park Square, with a favorable mix of cash flow and credit tenancy.

Park Square PCCP recently paid $96.5 million for the nearly fully leased asset, Park Square.

PORTLAND, OR—Park Square, a two-building 296,000-square-foot office property located on the south end of the Central Business District, was substantially repositioned in 2016. This effort included the renovation of its 8,000-square-foot lobby/great room, which includes multiple seating areas, a fireplace and lounge area.

The two buildings are connected by the renovated lobby/great room. With an acquisition strategy that includes downtown Portland, PCCP recently paid $96.5 million for the nearly fully leased asset.

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Lisa Brown

Lisa Brown

Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.

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