Real Estate Weekly
Image default
Deals & Dealmakers

Newmark Negotiates 11,800-Square-Foot Office Lease in Portland’s North Pearl District

Newmark announces that Propeller, Inc., an Oregon-based management consulting firm, has signed a new 11,747-square-foot lease in Portland’s North Pearl District. The company is relocating its Portland office buidling to Field Office, located at 2035 NW Front Ave.

Newmark Managing Directors Travis Parrott and Josh Schweitz and Executive Vice President
and Managing Director Dave Squire represented the landlord, LPC West and the Real Estate
business within Goldman Sachs Asset Management.

The Field Office campus is comprised of two Class A, LEED-certified Platinum office buildings with a large communal outdoor space. Designed with the collaborative work environment in mind, Field Office features state-of-the-art technology and amenities, modernized architecture, indoor and outdoor gathering space and views of Forest Park, Willamette River and the Cascade Mountains.

“Field Office offers a top-of-the-market Class A Office Environment, filled with high end
amenities, outside courtyard space, Willamette River views and decks on every floor,” said Lee M.W. Morrison, Senior Vice President of LPC West. “We know that all of the amenities played an important role in Propeller’s decision to become the newest tenant at Field Office and we could not be more thrilled to welcome them.”

“We are excited to be at the Field Office. The past year we really listened to our employees and they were seeking more opportunities to come together for collaboration and socialization. The dynamic office space at the Field Office provides just that,” commented Amy Weeden, Chief Executive Officer of Propeller, Inc. “As a firm, our top values are centered around our commitment to people and our communities. With our new office space, we’re able to continue to uphold those values. We’re looking forward to hosting clients for working meetings, networking happy hours, and welcoming our community partners into our space.”

Parrott added, “We are very excited to welcome Propeller to Field Office. We continue to see companies in this market flock to best-in-class projects that are highly amenitized and prioritize health and wellness.”

The Field Office campus is prominently located on Front Avenue and within walking or commuting distance from a variety of Portland’s finest shops and restaurants at The Pearl District and Slabtown including the Dockside, Cascadia Coffee Pub, Emerald Line, Ovation Coffee, Besaws and New Seasons.

Trevor Kafoury and Autumn Brice of Colliers represented the tenant. Propeller, Inc. is a
management consulting firm that helps clients thrive in change with solutions that build
momentum with their people and drive impact within their organization, and has offices in
Portland, San Francisco, Silicon Valley, Denver, Minneapolis and Dallas.

Related posts

Avison Young arranges 99-year ground lease for an estimated $21.5 million


Rosewood Realty Group Brokers $36.5 Million Sale of 15-Story Hells Kitchen Mixed-Use Building


Miller Construction Begins Work on an 80,000-Square-Foot Build-to-Suit Industrial Warehouse in Orlando