Friday, July 28, 2017

HFF closes sale of newly developed creative office tower in Portland’s Pearl District

Pearl West Office Property, Portland, OR

PORTLAND, OR –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the sale of Pearl West, a newly developed, 155,465-rentable-square-foot Class A office tower in Portland, Oregon.

Nick Kucha
HFF marketed the property on behalf of the seller, Walter C. Bowen’s BPM Real Estate Investments LLC, and procured the buyer, LaSalle Investment Management. 

Completed in 2016, Pearl West is a LEED Gold-certified, mid-rise office tower that blends creative office suites with high-street retail.  The property features 17,800-square-foot typical floorplates, parking for 150 vehicles, storage for 87 bicycles and tenant shower and locker facilities.

 Currently, 89 percent leased, Pearl West is home to tenants, including Wacom, Zoom+, Regus and Howard S. Wright.  The property anchors the west side of Portland’s Pearl District and is situated directly next to Interstate 405, providing visibility to more than 120,000 vehicles per day.

 Additionally, the property has a Walk Score® of 98, a Transit Score® of 90 and a Bike Score® of 97 being located within a quarter mile of more than 2,200 apartment units, 1.5 million square feet of office space and more than one million square feet of retail space.

“HFF did an excellent job identifying a buyer who recognized the value Pearl West has created for a well-designed building in a prime Pearl District location,” said Walter Bowen, CEO, BPM Real Estate Investments.  “Pearl West will stand the test of time for its innovative design and for the best-in-class tenants who value office environments that feed creativity, innovation and hard work.”

The HFF investment sales team representing the seller was led by senior managing director Nick Kucha and included director James Childress and associate Logan Greer.

For a complete copy of the company’s news release, please contact:

Kristen M. Murphy
Director, Public Relations
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 |

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