Center Oak Lands More Tenants for Gresham Station

PORTLAND-Center Oak Properties has landed a few more tenants for Gresham Station, its 300,000-sf urban village of retail and office space in Downtown Gresham. Centennial Bancorp this week announced it is taking 1,800 sf in the development and Claire’s Accessories recently took 2,500 sf. Retail lease rates for the development were not immediately available and Center Oak did not return calls seeking comment.

Centennial revealed its interest in locating at the development with its first non-stand alone location by describing Gresham Station as “a fast growing suburban and retail hub…easily convenient to nearby retail, restaurants, office space, housing and the Metropolitan Area Xpress Transit (MAX) line.” The new branch is expected to open in December.

Ted Winnowski, Centennial’s president and chief executive office, says this is the bank’s sixteenth office throughout the greater Portland area, which also includes seven offices in Portland retirement centers. Gresham Station is the first phase of Gresham Civic Neighborhood Plan. The project is complemented by two light rail stations, one on the edge of the project and one in its heart.