Another Thanksgiving passed us by and, in the wake of all things turkey, left us with just a few done deals for the week.
For the past two years, December has been a very busy month with many companies trying to secure office leases before year end due to tax and other benefits. However, this year we anticipate a slower than usual December as many companies are in a holding pattern. Several large firms are simply renewing for a one year period with the hopes of a better environment next December, 2010. There are a few brightspots however, including GarageGames move into the Portland market up from Eugene.
TechDex (apps|hardware|provider|var)
GarageGames.com - 618 Building | 618 NW Glisan | 2,475 SF
Axiom Group – Willamette Place | 6420 SW Macadam | 3,300 SF
- 5289 NE Elam Young Parkway | 5,289 SF
Stanley Convergent – Pacific Corp Ctr | 15495 SW Sequoia Pkwy | 6,145 SF
Wilder Technologies – Creekside Biz Park | 6101-A East 18th | 3,200 SF
SustainDex (Environmental|Sustainable/Clean/Bio Tech)
Christ Water Technology – Quad 205 | 4018 NE 112th, D-2 | 1,036 SF renew
In Other News….
Finally announced publicly today (the folks in commercial real estate have been tracking this big tenant for a while), Vestas Wind Systems A/S intends to occupy a 500,000 SF headquarters building in Portland, consolidating numerous operations throughout the area into one location.
Congratulations to local start up EarthClass Mail for successfully opening a retail location in Los Angeles, offering a Santa Monica mailing address.
So does Vestas all ready have a building in mind?
If not, there is a beautiful vancant 5 story building in Hillsboro. Off Cornelius Pass Rd, just south of Cornell. Never been occupid, nicest building around Hillsboro!
Vestas has a few options in mind and has focused on downtown Portland. Looking at a build-to-suit or a proposed high rise that has massive LEED features built into the design.
The building you are talking about is the Synopsys Building B. You’re right that building never even had the electricity turned on and it is really nice. There have been a few runs at it by big tenants. Pretty cheap rate for a brand new building.