X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

(Brian Miller is on vacation.)

PORTLAND, OR-Thomas Hacker and Associates Architects Inc. in partnership with Gray Purcell Construction, has purchased a historic 18,000 sf downtown office building from S&G Properties in a deal valued at $1.4 million.

Located at 733 S.W. Oak St., the two-story Oak Park Building was built in 1913 as the headquarters for the Balfour-Guthrie Co., a shipping company that occupied the building until 1957, according to published reports. The building most recently housed the City Rubber Stamp Co.’s manufacturing and office operation until they moved out earlier this year.

“It is the last manufacturing building in the downtown area,” says Doug Jones, senior marketing consultant for Norris, Beggs & Simpson’s Portland office, who represented both parties in the sale. “It’s a little older than the average building in the area. It’s surrounded by much larger buildings.”

Built of reinforced concrete, the building is one of the smallest office buildings in downtown Portland, Jones says. THAA is renovating the building, removing layers of paint from the exterior; tearing down old walls in the interior; adding new mechanical, telecommunications and computer systems; and upgrading the structure to meet new seismic standards.

THAA will occupy the entire lower floor in March 2002, with the remaining upper floor available for lease. The firm is relocating from its current offices 20 blocks away, giving it a slightly larger space for expansion. Application has been made for national historic registration for the building, and currently research is being conducted to try and trace the building’s history, Jones says.

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?

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.