April 7, 2021
INTERNATIONAL TECH COMPANY RELOCATING TO DOWNTOWN PORTLAND OFFICE TOWER
The Standard welcomes their newest office tenant, Environmental Systems Research Institute, who will occupy 15,610 SF on the 26th floor of the 900 SW Fifth Avenue building in Portland, Oregon.
Environmental Systems Research Institute, an international technology company, is a notable addition to the 900 SW Fifth building and will be joining a diverse mix of tenants including The Standard, Fidelity National Title, Glumac, Norris & Stevens, Inc., Cosgrave Vergeer Kester, LLP, and Union Bank. The lobby remodel is complete along with the south side podium marble deck replacement, updated building storage, locker rooms and auditorium seating 200.
“Though commercial real estate markets across the nation have been impacted by the events of 2020, this lease testifies to the resilience of Portland and fortitude of our local real estate community,” said Duane Link, senior broker for Norris & Stevens, Inc. “Property owners like The Standard, who invest in the future of their properties and tenants, are an attractive anchor to the influx of local, regional and national tenants seeking an economically viable and stable home for their expanding businesses.”
Environmental Systems Research Institute is expanding by relocating to a larger, 15,610 SF office space within Portland city limits. The company currently has numerous office locations across 15 different countries and 10 different states in the United States.
“We’re pleased with the results of our extensive remodel of 900 SW Fifth Avenue, and excited to welcome Environmental Systems Research Institute to the building and downtown Portland,” said Mike Morey, vice president and managing director at The Standard.
Duane Link with Portland-based Norris & Stevens, Inc. represented the Landlord, The Standard, in the transaction. Eric Haskins of JLL represented the Tenant.
Norris & Stevens, Inc. is one of the largest locally-owned, full-service commercial real estate brokerage firms in Oregon and SW Washington. A member of the TCN Worldwide network, the firm was founded in 1966 and currently employs around 75 professionals in investment sales, leasing and property management for office, industrial, retail, land, and multi-family properties. The firm’s property management portfolio exceeds 6 million square feet of commercial space and 9,100 apartment units.