November 22, 2022
NORRIS & STEVENS, INC. BROKERS $1.9M LEASE OF OFFICE SPACE IN PORTLAND, OREGON
US Army Corps of Engineers/GSA recently completed the $1,947,880 lease of Suites L and M, totaling approximately 8,854 square feet of the Ambassador Business Center, located at 7515 NE Ambassador Place in Portland, Oregon.
Constructed in 1990, the property consists of a total of 23,551 square feet of rentable space. The property is well situated within walking distance of a TriMet MAX station and many restaurants and retail spaces. The location also offers easy access to Portland International Airport and major transportation arterials, such as I-84, I-205, and 1-5.
Matt Lyman and Jack Schaub with Portland-based Norris & Stevens, Inc. represented the Tenant in the transaction. Jennifer Medak and Ken Boyko with Colliers International represented the Landlord, LPC Ambassador, LLC.
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 5.9 million square feet of commercial space and 9,100 apartment units.