X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

PORTLAND-Washington Capital Management, the asset manager of AT&T Center, has moved the property management assignment for the 123,000-sf office building from the local office of CB Richard Ellis to the local office of Seattle-based GVA Kidder Mathews.

CBRE took over the assignment through its recent acquisition of Insignia/ESG. Shortly before and shortly after the merger took place, several Insignia brokers left the firm to launch the first Oregon office of Kidder Mathews, which unaffiliated with Insignia as a result of the merger and hooked up with Chicago-based GVA.

“CB Richard Ellis did a fine job; this was about getting the original team back together,” Bruce Korter of Seattle-based Washington Capital management tells GlobeSt.com. “Had the team stayed with CB, I’d still be there.”

The added assignment gives GVA about one million sf worth of property management work. In September, GVA Kidder Mathews was handed the property management assignment for a 594,000-sf local industrial portfolio by Boston-based pension fund advisor TA Associates Realty.

Construction management services for the AT&T Center also followed a former Insignia executive to GVA. The local office of Grubb & Ellis retains the leasing assignment for the building, which is located at 1600 SW 4th Ave. AT&T Center is approximately 20% available, including 13,500 sf on the top floor of the nine story building. The full-service asking lease rate is $19.50 per sf per year.

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?

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