Case Studies
Balfour Beatty – Portland
-
1455 NW Irving Street
Portland , OR 97209
- Real Estate Type: Office
- Square Feet: +/- 18,483
Project Overview
- Pacific NW division HQ lease renewal
- Downtown Portland
Challenge
- Limited Class A space available
- Local team did not need entire space
- Branding consequences if tenant relocated
Solution
- Ostentatious tour of the market, creating leverage
- Took advantage of soft market conditions
- Renewed in place
Results
- Below market rents
- Above market concessions in free rent and tenant improvement allowance
- No disruption to the business
