MachineWorks Announces Lease to GSA, Indian Health Services in Portland, OR

PORTAND, OR– Grubb & Ellis Company (NYSE: GBE), a leading real estate services and investment firm, represented MachineWorks LLC in the lease of 19,431 square feet at MachineWorks Building (centered photo below) to the U.S. General Services Administration, Indian Health Services. Indian Health Services has executed a 15-year lease and will occupy the entire 8th floor of the building, bringing the building to 90 percent leased.

In October 2009, McCormick & Schmick’s Seafood Restaurants leased the entire 7th floor totaling 19,250 square feet for its new Portland headquarters and in December 2009, The Portland Dermatology Clinic signed a 10-year lease for the entire 6th floor totaling 19,482 square feet.

"MachineWorks was delivered in the worst economic market in memory and we are thrilled to be hitting the 90-percent leased milestone after just 12 months. We are pleased that these three organizations chose to make MachineWorks their new home and know that their employees will fully enjoy the building's sustainable features," said Al Solheim,  (bottom left photo) MachineWorks’ managing partner.

Keith Lavey, vice president, Government Services Group, and David Squire, executive vice president and managing director, Eric Haskins, vice president and Brandon Frank, senior associate, with Grubb & Ellis’ Portland office represented MachineWorks LLC . Hans Kemp, Conan Lee and Julie Stoner of Jones Lang Lasalle represented the General Services Administration in the transaction.

Located at 1414 NW Northrup St., MachineWorks is a 209,000-square-foot mixed-use project, incorporating four levels of Class A office space totaling 70,844 square feet, a state-of-the-art LA Fitness Facility and three levels of parking. The project boasts a Pearl District location, pursuing LEED® Gold-certified sustainable design, great proximity to the freeway and the Central City Streetcar and superior views to the West Hills, Willamette River and beyond.

Contacts:
 Patricia Raicht, 503.972.5456, Email: patricia.raicht@grubb-ellis.com
Al Solheim, Phone:  503.294.0600, solheim@awsrealestate.com