Thank you for sharing!

Your article was successfully shared with the contacts you provided.

PORTLAND-Kaiser Foundation Health of the Northwest has renewed its leases for 38,352-sf of office space in Montgomery Park for three years each to keep its four medical groups at the building, which is considered to be the second largest office building in the Portland metropolitan area.

Although the value of the four leases was not released, the asking rate for space at Montgomery Park, located at 2701 NW Vaughn Street, is $20-psf gross. Built originally in 1921, the building was an abandoned Montgomery Ward warehouse when it was sold to the Naito family in 1984. The 9-story building is 700,855-sf and features a 9-story atrium and 77,872-sf floorplates.

The space leased by Kaiser includes 15,470-sf for the Continuing Care/Home Health Group; 11,670-sf for the Occupational Health Group; 9,744-sf for the Center for Health Research; and 1,468-sf for the Materials Management Group.

Donn M. Sullivan, senior vice president with Grubb & Ellis’ Portland office represented Kaiser in the transactions. Scott Weigel with H. Naito Properties represented the landlord, Montgomery Park Co. LLC.

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
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


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 © 2021 ALM Media Properties, LLC. All Rights Reserved.