columbia tech center | The ft.² Report

The 150-acre site could become corporate headquarters for the $30 billion firm, which employs about 1,200 people total, including about 200 workers in an east Vancouver office. The project is comprised of two six-story office buildings and on-site parking for more than 1,200 vehicles.

In Vancouver, staff are located in three different office buildings in PacTrust’s Columbia Tech Center.

For the full story, click here http://budurl.com/jhnw

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Who’s On The Move – Week Ending 8/28/09

Posted in commercial real estate, data centers, Forecast, Green Building, headquarters, lease, LEED, new office, office brokerage, office space, portland, square feet, sublease, Vacancies, vancouver, tagged bank of america financial center, benefit partners, Columbia gorge corporate center, columbia tech center, Fit Right NW, infinity impressions, kruse way, lake oswego counseling, lease, LEED, nationwide, office space, premier property, renewal, scottrade, softsource, solar nation, square feet, SunPower, sustainable, The LoveJoy, two lincoln, Washington State University Vancouver, WSUV on August 31, 2009 | Leave a Comment »

Recent Building Sales

Westside

Buyer: Fit Right Northwest
Seller: American Industries
Property: 2258 NW Raleigh, Portland, OR 97210
Size: 5,000 SF
Price: $800,000

SustainDex (environmental|sustainable|clean_biotech)

Central Business District

SunPower – The LoveJoy | 1331 NW Lovejoy | 2,458 SF

Eastside

Solar Nation – Columbia Gorge Corp Ctr | 17116 NE Sandy | 8,375 SF

GeneralBizDex (consulting|finance|insurance|legal|other)

Central Business District

Benefit Partners – Bank of America | 121 SW Morrison | 2,450 SF

Eastside

Nationwide Mutual Insurance – 847 NE 19th | 24,405 sf renewal

Scottrade – Sunnyside Plaza | 10001 SE Sunnyside Rd | 1,400 SF

Westside

Mark E. Landstrom – Kruse Way Plaza II | 4550 Kruse Way | 1,217 SF

Infinity Impressions – Parkside Business Ctr | 8082 SW Nimbus | 3,500 SF

Premier Property Group – 5000 Meadows Rd | 1,995 SF

Vancouver

Sacagawea Inc – Columbia Tech Center | 1301 SE Tech Center Dr | 10,692 SF

TechDex (apps|provider|hardware|var)

Westside

Softsource Consulting – 2 Lincoln | 10220 SW Greenburg Rd | 4,847 SF

HealthDex (hospital|provider|managed care|equipment)

Westside

Lake Oswego Counseling – Kruse Park | 3990 SW Collins Way 1,334 SF

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Who’s On The Move – Week Ending 8/14/09

Posted in build to suit, commercial real estate, Forecast, Green Building, headquarters, lease, LEED, new office, office brokerage, office space, oregon, portland, square feet, sublease, Trends, Vacancies, vancouver, tagged aubertine draper rose, ciber inc, columbia tech center, DHS, edith green wendell wyatt, evers coverings, fair housing council, first place plaza, GSA, LEED, management recruiters, merchant hotel building, mrinetwork, NWELA, on3p, portland rescue mission, red giant software, scholls business center, vancouvercenter, wilcox building on August 18, 2009 | Leave a Comment »

Government Services Agencies looking for new offices

The Edith Green Wendell Wyatt Federal Building is slated to begin massive renovations at the end of this year or early 2010. The $133 million project will cover seismic upgrades, new windows, HVAC and security system overhauls among other things. This project was first considered back in 2007, but was shelved until adequate funding could be found. Enter The American Reinvestment and Recovery Act, which is footing the bill on this one.

The 34-year-old, 500,000 square foot building is going to pursue a LEED Gold certification as part of the renovation work and is considering adding vegetation and energy saving glass structures to help achieve this goal. The project is expected to last between 30 and 40 months and displaces approximately 250,000 SF of governmental agencies. These agencies are in the market now, looking for temporary, and in some cases permanent new homes. First and Main, the newest office highrise in downtown Portland is one location several of these agencies will no doubt consider given its proximity to the Green Wyatt building.

The architects awarded the project our Portland’s SERA Architects and Bainbridge, WA based Cutler Anderson.

For the full story, click here http://budurl.com/5kyk

GovDex (government agencies)

Westside

Oregon Dept Human Services – Capital City Biz Ctr – Salem | 4600 25th Ave NE | 77,718 SF

NonProfDex (charitable|education|trade assoc)

Central Business District

Fair Housing Council – Wilcox Building | 506 SW Sixth Ave | 2,252 SF

Eastside

Portland Rescue Mission – 1507 NE 122nd | 7,847 SF

Northwest Education Loan Assoc - 1500 Plaza | 1500 NE Irving | 2,110 SF

TechDex (apps|provider|hardware|var)

Central Business District

Red Giant Software - Merchant Hotel Bldg | 222 NW Davis | 1,186 SF

Vancouver

Ciber Inc – Columbia Tech Center | 17200 SE Mill Plain | 4,150 SF

GeneralBizDex (consulting|finance|insurance|legal|other)

Vancouver

Management Recruiters – Vancouvercenter | 700 Washington | 3,471 SF renewal

Steve Staudinger CPA - First Place Plaza | 12503 SE Mill Plain | 877 SF renewal

Eastside

Aubertine Draper Rose – 8203 SE Seventh Ave | 2,759 SF

ON3P LLC - 3647 SE 21st Ave | 3,500 SF

Evers Coverings – Scholls Business Center | 10240 SW Nimbus | 1,503 SF

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Nautilus Gives Back Mammoth HQ

Posted in build to suit, commercial real estate, downsizing, headquarters, lease, new office, office brokerage, office space, square feet, sublease, Vacancies, vancouver, tagged columbia tech center, headquarters, hewlett packard, HP, lease, lease cancellation, nautilus, office space, seh america, vancouver on July 18, 2009 | Leave a Comment »

source: costar

In a move that has long been rumored to occur, Nautilus finally made public their intentions to cancel their current lease on 482,538 SF of office space. Nautilus will pay an early termination fee of $1.9 million and re-lease 93,099 square feet for corporate offices. The new lease reflects a $16.00/SF rate. The company also faces a $8 million impairment charge in addition to the early termination fee.

The landlord, PacTrust – the Columbia Tech Center developers, will take the newly available space to market for lease. But the building is not without its challenges. With two 150,000 SF floorplates, the vast space is best suited for large users and not easily chopped up.

The building was originally built in 1981 for Hewlett Packard who sold it in 2000 to PacTrust. The property consists of 22 acres including outdoor fields (baseball), basketball court, cafeteria, central atrium and walking paths. HP has been slowly disposing of campus properties around the country since the early 2000′s and recently sold their Camas property to SEH America for $55 million.

The Nautilus space was most recently up for sublease at a rate of $14.00/SF.

For the full story, click here http://budurl.com/n9tn

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Who’s On the Move – Week Ending 4/23/09

Posted in commercial real estate, headquarters, lease, new office, office brokerage, office space, oregon, portland, square feet, start up, Vacancies, vancouver, tagged columbia tech center, commercial real estate, dekum building, echo global, farmers insurance, lease, office space, sayler building, small society, square feet, survey monkey, The LoveJoy on April 27, 2009 | 2 Comments »

Our First Quarter Market Report is out and the numbers are showing signs of stress under the economy. Tenants have greater leverage now as landlords are anxious to lease space and maintain rent rolls. The reality behind this is that landlords are not giving away the house in order to water the lawn. In other words, there are concessions and discounts to be had, but a landlord is not going to give rent abatement and build out allowances on a 2 year deal or less. The cost of unleased space is less than the cost of a short-term leased space with build out needs. And some submarkets (Central Business District) are not as vulnerable as others (Sunset Corridor) at this time.

Here are some of the latest numbers on vacancy, rents, and available square feet. For a complete copy of the report, contact me at kristin.hammond(at)pacific-re.com.

Central Business District (downtown core)

Overall Vacancy Rate: 8.82%

Average Rent: $22.00/SF

Available Sublease SF: 190,133 SF

Available Direct SF: 1,839,453 SF

Westside (Sunset Corridor/Hillsboro)

Overall Vacancy Rate: 19.78%

Average Rent: $17.50/SF

Available Sublease SF: 154,498 SF

Available Direct SF: 839,885 SF

Vancouver (Central Business District)

Overall Vacancy Rate: 16.42%

Average Rent: $21.00/SF

Available Sublease SF: 2,892 SF

Available Direct SF: 262,066 SF

TechDex (apps|provider|hardware|var)

Central Business District

Small Society – Dekum Building | 519 SW Third Ave | 1,800 SF

Eleven Wireless – Carson Building | 315 SW 11th Ave | 7,350 SF

SurveyMonkey – The LoveJoy | 1331 NW LoveJoy St | 4,300 SF

Elemental Technologies – 620 SW Fifth Ave | 5,812 SF

Vancouver

Echo Global Logistics – Columbia Tech Center | 1498 SE Tech Center | 5,000 SF

GeneralBizDex (consulting|finance|insurance|legal|other)

Central Business District

Farmers Insurance – Sayler Building | 10415 SE Stark St | 2,194 SF

Rider Levett Bucknall – Brewery Blocks | 1120 NW Couch St | 3,393 SF

Westside

Harris Worksystems – Park 217 – Tigard| 6,499 SF

ReMax Equity Group – Tanasbourne Commons | 17933 NW Evergreen | 5,421 SF

Folexport – 10800 SW Tualatin Sherwood Rd | 21,843 SF

Eastside

Munecos Tax & Business – 300 SE 181st Ave | 3,190 SF

HealthDex (hospital/provider|managed care|equipment)

Eastside

SEDIA Biosciences Corp – Pacific Business Park | 4900 NE 122nd | 4,513 SF

NonProfDex (non profits)

Central Business District

Cascasde Aids Project – Lincoln Building | 421 SW Oak St | 15,034 SF

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Insitu Scores Canadian Surveillance Contract

Posted in commercial real estate, headquarters, lease, new office, office space, square feet, vancouver, tagged bingen, boeing, canadian government, columbia tech center, insitu, square feet, vancouver on April 24, 2009 | 3 Comments »

Despite speculation about Boeing’s future size in Seattle, a little known subsidiary of the aircraft giant is flying high, so to speak. Insitu designs and manufactures unmanned aerial vehicles for reconnaissance/surveillance missions. Founded and headquartered in Bingen, WA, Insitu leased offices in the Columbia Tech Center park of Vancouver back in early 2008 (about 8,300 SF of office and another 4,800 SF of industrial space).

The company was recently awarded a $30M contract from the Canadian government to provide unmanned aerial vehicles for Canadian Intelligence operations in Afghanistan. Insitu is now expanding their offices and will no doubt continue to see increased revenues as the demand for highly sophisticated, unmanned surveillance equipment continues. And here I thought of the Canadians as the long lost brothers to the Swiss!

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National Real Estate Investor
- Mill Creek Residential Trust Plans Groundbreaking for New Morristown Multifamily Property May 19, 2013
  On Tuesday, May 21, Mill Creek Residential Trust will break ground on phase I of Latitude, a luxury multifamily apartment community located on Early Street in Morristown, N.J. read more
JLL GreenBlog
- VERGE Boston: Machine-to-machine’s affect on energy savings
  Posted by: Dan Probst Energy and Sustainability Services I just had the pleasure of serving on a panel at GreenBiz Media’s VERGE Boston conference, which focused on the convergence of buildings, technology and transportation. The panel, called “The Trillion-Dollar M2M Opportunity,” was about the dramatic impact of machine-to-machine (M2M) technology on four […]
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Posts Tagged ‘columbia tech center’

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