source: costar
One Main Place (101 SW Main Street, Portland, OR 97204) is going to the market as a disposition offering through Eastdil Secured. The building is currently owned and operated by RREEF, who bought the building in August of 2006 for $69 million ($220/SF). Built in 1980, the 315,133 RSF building is 20 stories with a 98% occupancy. Currently, the building has approximately 11,000 SF of available space with the average rental rate in the building hovering around $24.00/SF. Key tenants in the building include:
Tripwire – 33,062 SF
Yellowpages.com – 6,956 SF
Schrodinger LLC – 16,554 SF
Mitchell Lang Smith – 17,668 SF
RePower USA – 4,551 SF
Companionlink Software – 3,009 SF
Banner Bank – 7.000 SF
The building is likely going to market unpriced and not likely to fetch more than the previous sale amount.
