Wells Fargo Center Inks New Leases
- Nov 07, 2019
CBRE has secured leasing for more than 27,000 square feet of space at Wells Fargo Center, an office tower in Portland, Ore., totaling more than 611,000 square feet. Campbell Global signed a lease for 17,520 square feet and plans to move its headquarters, while Gordon Rees Scully Mansukhani leased 10,068 square feet at the property.
Cushman & Wakefield’s Doug Deurwaarder worked on behalf of Campbell Global, while CBRE’s Trevor Kafoury represented Gordon Rees Scully Mansukhani. CBRE’s Trevor Kafoury, Michelle Franceschi, Al Kennedy and Autumn Brice negotiated both transactions on behalf of the landlord.
Located at 1300 SW 5th Ave., Wells Fargo Center provides convenient access to transit and various parking options. The office tower is currently undergoing major renovations and is set to include new dining venues, new conference facility and tenant lounge, secure bike parking hub and a state-of-the-art fitness center with lockers and showers. Additionally, the property offers roughly 48,000 square feet of retail space, Yardi Matrix data shows.
Back in April, Pacific West Bank also committed to nearly 11,000 square feet. According to Yardi Matrix data, the property last traded in 2017, when Starwood Property Trust acquired the asset for $188 million.