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Deals & Dealmakers

Newmark Awarded Leasing Assignment of The Offices at MLK in Portland, Oregon on Behalf of The Green Cities Company

Newmark announces that The Green Cities Company, an investment management firm pioneering environmental and social responsibility in the real estate sector, has signed an exclusive listing agreement with the Newmark Portland office team to lease The Offices at 5 MLK in Portland, Oregon.

Newmark Managing Director Travis Parrott, Executive Vice President and Managing Director
Dave Squire and Associate Director Michael Goetz are leasing the space on behalf of ownership.

The property, located at 5 SE Martin Luther King Jr. Boulevard, features four floors totaling over 115,000 square feet of Class A office space office space available for lease, along with 11 floors of apartment space above, thoughtfully designed by GREC Architects.

Building amenities include a modern fitness center with a yoga studio and lockers, a wellness room, a lounge with game tables, conference room facilities, indoor and outdoor gathering spaces, BBQs and terraces. The office floors are open and versatile, with private outdoor terraces providing sprawling views of the river and west hills.

“5 MLK was designed to provide a world class experience for tenants, offering best-in-class
workspace and amenities from its common areas to pristine landscaping,” said Kelly Saito,
Managing Partner at The Green Cities Company. “5 MLK is a thoughtful addition to the design aesthetic of the surrounding Eastside developments and the Burnside bridgehead.”

“We are very excited to represent The Offices at 5 MLK,” said Parrott. “Coming out of the
pandemic, we see more tenants reevaluating their space needs and considering a flight to quality from Portland’s usual commercial districts. 5 MLK sets a new standard of quality office space on Portland’s central eastside.”

This is the first mixed-use building in the country to achieve Fitwel certification under a new
program for mixed-use buildings, combining occupant health requirements for residents and office tenants. The principles of Biophilic Design are used throughout the property to support the health and wellness of its occupants by combining natural elements with the built environment.

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