TMT Development Taps New & Neville to Find Takers for New, Existing Retail Properties

The two came together from separate brokerage houses here in town and over the past several years have become a dominant retail duo, finding takers for many of the high-profile spaces in town. As far as tenant go, they have national clients like Border's Books, Bed, Bath & Beyond and Wild Oats Markets. But until now they haven't really had a major property owner client, Neville tells GlobeSt.com.

"It's a huge opportunity for us to work with such a high-profile portfolio," Neville says. "We're definitely excited about it."

Indeed, in addition to the newly minted Fox Tower and Hayden Meadows, New and Neville will have several well-located raw land parcels to fill up, including Mill Plain Plaza at 164th and Mill Plain Blvd., an eight-acre site for which TMT has just received site plan approval; 11 acres on two parcels in Salem, including six acres with I-5 visibility adjacent an Act III Theater development; and another 11 acres in Cornelius, which is situated between Hillsboro and Forest Grove.

"We've worked with them before and they are very aggressive and have done a great job," TMT's Maurene Campbell tells GlobeSt.com. "They know Portland and the retail market and Moyer thought that perhaps this might generate more activity."

The duo's first order of business is most likely filling out the brand new Fox Tower, for which there is still an approximately 11,000-sf, two-floor space for a specialty retailer on the Broadway side and a restaurant space of about 10,000 sf that will face the park that will rise from the parking lot on the other side. Already in place is a Banana Republic clothing store and a 10-screen movie theater.