June 28th, 2021
NORRIS & STEVENS, INC. BROKERS $2.4M SALE OF A REDEVELOPMENT OPPORTUNITY SPACE IN PORTLAND, OR
Colton, Oregon-based First Church of Christ, Scientist, Portland, has acquired a 4,000 SF retail space from the Taoist Tai Chi Society of The United States of America, Inc. for $2,400,000.
2251 NE Glisan was originally built as a warehouse in 1946 and is situated on a 0.29 acre lot in Portland’s Kerns neighborhood. The property has undergone extensive renovation and features a full commercial kitchen and hood, refinished wooden beams, ADA bathrooms, and ample private parking. It’s most recent use has been as a Taoist shrine and center for the teaching and practice of Taoist Tai Chi. The First Church of Christ, Scientist intends to use it as a bookstore and learning center.
Matt Lyman and Jack Schaub with Portland-based Norris & Stevens, Inc. represented the Seller, Taoist Tai Chi Society of the United States of America, Inc., in the transaction. Jim Lewis of Cushman & Wakefield represented the buyer.
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.