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Insignia Lands Airport Way Commons Assignment

PORTLAND-The 86,000-sf flex project by Pacific Santa Fe Corp. got underway in August. Shell completion is slated for mid-spring 2003. Cushman & Wakefield had the pre-construction leasing assignment. No tenants have been signed.

By Brian K. Miller | Updated on December 16, 2002

PORTLAND-Pacific Santa Fe Corp. has switched brokerages as it tries to find tenants for a speculative 86,000-sf flex project on Airport Way for which ground was broken in August.

Insignia/ESG now has the leasing assignment for the three-building development. Company Director Jim Carver and Executive Director Steven Klein will spearhead the leasing efforts.

The so-called Airport Way Commons development is scheduled for shell completion in mid-spring 2003. Tony Reser of Cushman & Wakefield had the pre-construction leasing assignment. At that time, the flex space was being marketed at 77 cents per sf per month, triple-net. No tenants have been signed.

“We’re going to be very aggressive,” Carver tells GlobeSt.com. He says the largest building will be 40,000 sf and the smallest division in any of the buildings will be 5,500 sf.

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