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PORTLAND, OR-Morgan Park Real Estate Services has merged into Bluestone & Hockley Real Estate Services. As part of the deal, Morgan Park owner Tom Sjostrom is Bluestone & Hockley’s VP of commercial property management.Sjostrom brings him a management and leasing portfolio totaling 250,000 sf. The portfolio includes the 620 Building, the Mayer Building, the Professional Plaza 102 and the Jean Vollum Natural Capital Center. Combined, the two firms’ portfolio totals about 750,000 sf, not including about 2,500 rental units. Bluestone & Hockley, meanwhile, has a staff of 50 that manages 500,000 sf in 40 properties spread across the metro area. Company president Cliff Hockley tells GlobeSt.com that the merged company hopes to grow its managed portfolio to one million sf by the end of the year. Hockley says the company’s specialty is mid-market product in the 50,000-sf to 100,000-sf range that does not require on-site management. Sjostrom, who specializes in historic and renovated buildings, tells GlobeSt.com the merger is an opportunity to expand his operations. “[Bluestone & Hockley] has the resources to grow, which I didn’t have,” he says. “He has the infrastructure in place.”

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