The San Diego-based company signed a five-year lease for 9,167sf in a 45,000-sf former health clinic turned office building at8909 SW Barber Blvd. The lease rate for the space was $18.50. Atenant improvement allowance was included in the deal. BrandonFrank and Dave Squire of Grubb & Ellis brokered both sides ofthe estimated $847,000 lease deal.
The building's owner is listed as Portland Associates, a limitedliability company of the Justine Co., which is investing in theproperty on behalf of a high net worth family on the East Coast.The office building is the company's only Portland asset.
The brokers say they have been working on filling the buildingfor nine months. It is now 98% leased to Northwest Corporate CreditUnion (20,000 sf), American Office Products (12,000 sf) and Jack inthe Box.
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