X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Eddie Bauer is the latest high profile addition to Gresham Station, a 12 building, 300,000-sf development that sits across a light rail line from City Hall. The Redmond, Wa-based company has leased a 6,500-sf space for one of its “Outdoor” stores, Eddie Bauer’s Veep of real estate Bill McDermid told GlobeSt.com.

The lease has Cascade Station about 90 percent leased up, said Dan Reed, general manager for developer Center Oak Properties. The Torrance, Calif.-based company also owns Mall 205 and Plaza 205 in Portland, and several properties in Central Washington, most of which it acquired last year from New York-based First Union Real Estate.

Gresham Station is not a typical mall. It consists of 12 single-story buildings arranged in traditional blocks. The site had been set aside for a mall for years, but never developed until now. Major tenants will start occupying the buildings in October for a grand opening slated for Nov. 15.

A 200,000-sf, addition to the development is planned, but marketing won’t start for another year, Reed said. The additional space will be mostly office, possibly with an entertainment component, Reed said.

Beside Eddie Bauer, name-brand tenants in the current project include Gap, Old Navy, Bed Bath & Beyond, Borders, QFC, Cost Plus, Blockbuster, Red Robin, Starbucks, Panda Express, Hallmark and Ann Taylor Loft and Famous Footwear. All told, there will be 37 retail tenants in the project, about half of which will be in by the scheduled grand opening.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.