TIGARD, OR-Western Reliance Corp. has acquired a 13,237-sf building here for $1.5 million. The fast-growing software maker recently relocated its operation to the two-story building from a 6,000-sf location it owns in the Johns Landing area of Portland.The address of the property is 11675 SW 66th Ave. The official buyer was Haines Building LLC, which is owned by Kehoe. The sellers were Edward and Patrick Casey. David Hill of Grubb & Ellis represented Western Reliance in the transaction. Tom McDowell and Steve Mack of Norris & Stevens represented the sellers. Western Reliance provides software systems to manage and track insurance on collateralized loans for lending institutions. The company has grown from two employees to more than 80 employees over the past 10 years. For the past several years, it has been one of Oregon’s fastest growing companies. Company president Mike Kehoe tells GlobeSt.com he moved 60 employees (the remainder are located in St. Louis) into about 10,000 sf at its new Tigard building. The remainder of the space was leased to a third party at the time of the acquisition and Kehoe says he plans to retain the tenant to help offset costs until his company needs to expand into the space. Kehoe says the building has a “great layout,” with offices on the upper floor and a more open area on the ground floor. Prior to relocating, Kehoe reroofed the building and installed a new HVAC system. As for his John’s Landing building, Kehoe says he hopes to lease it up and keep it as an investment.

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