source: DJC Oregon
One of Portland’s successful startups, Elemental Technologies, has found a new home in a downtown location. The software firm has leased 4,500 square feet (just a little over half a floor) on the 4th floor of the 620 Building (620 SW Fifth Avenue). The building is 12 stories tall with 103,000 square feet of space. It is 96% occupied and last sold in 2006 for a little over $11 million.
Built in 1910, the Class C Historic building recently underwent renovations to the lobby and common areas. Elemental, previously located in Harrison Square (1800 SW First Avenue,) will now reside in the core of downtown alongside numerous other software firms who have made the move into Central Business District over the last two years.
