LEASE CANCELLATIONS – CHAPTER 11 FILINGS FREE UP OFFICE SPACE
Several national companies announced lease cancellations as part of their Chapter 11 filing in various U.S. Bankruptcy Courts. MagnaChip Semiconductor Ltd., based in Seoul, South Korea, is cancelling five leases across the U.S. including a 3,700 square foot office lease on Kruse Way (Kruse Woods I). This is a tough blow to an already hard hit submarket, with vacancy hovering around 18% for the first time in nearly 10 years. Other companies cancelling leases, but thankfully none of their Oregon locations as this time, are: Ion Media Networks, Crescent Resources, and R.H. Donnelly dba Dex Media.
TechDex (apps|provider|hardware|var)
Ebara Technologies – PSI Biz Park | 6199 NW Casper Pl | 5,169 SF
PMSI - Yeon Business Ctr | 3250 NW Yeon Ave | 13,750 SF
Razorfish LLC – 1532 SW Morrison St | 7,468 SF sublease
Automated Control Systems – EastRidge Biz Park | 9611 NE 117th | 2,014 SF
GeneralBizDex (consulting|finance|insurance|legal|other)
ADP – ADP Plaza | Arthur | 115,000 SF renewal
Hire Factor Inc – Dekum Building | 519 SW Third Ave | 1,447 SF
Raymond James Financial - Mill Plain One | 201 NE Park Plaza | 1,989 SF
MacLaren & Whearty – Fairway Center | 9115 SW Oleson Rd | 2,633 SF
NonProfDex (charitable|education|trade assoc)
Albertina Kerr Centers – Cascade Plaza West | 12655 SW Center St | 771 SF
AcerLogic Educational Svcs – Mtn Park MarketPlace | 4 Monroe Pkwy | 2,672 SF
Portland Baroque Orchestra – Jeffrey Center | 1020 SW Taylor | 1,301 sF
Portland Comm. Land Trust – Patton Park | NE Interstate Blvd | 1,514 SF
HealthDex (hospital/provider|managed care|equipment)
Bridgeport Eye Physicians – 20015 SW Pacific Hwy | 3,259 SF
