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.
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.