{"id":1004204359,"date":"2018-01-19T13:01:26","date_gmt":"2018-01-19T21:01:26","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004204359"},"modified":"2022-12-08T17:58:01","modified_gmt":"2022-12-09T01:58:01","slug":"menlo-equities-sells-239-ksf-portland-office-asset","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/menlo-equities-sells-239-ksf-portland-office-asset\/","title":{"rendered":"Menlo Equities Sells 239 KSF Portland Office Asset"},"content":{"rendered":"<p>By Razvan Cimpean<\/p>\n<div id=\"attachment_1004204360\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/One-Pacific-Square-in-Portland-Ore..jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004204360\" data-attachment-id=\"1004204360\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/menlo-equities-sells-239-ksf-portland-office-asset\/one-pacific-square-in-portland-ore\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/One-Pacific-Square-in-Portland-Ore..jpg\" data-orig-size=\"640,512\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"One Pacific Square in Portland, Ore.\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;One Pacific Square in Portland, Ore.&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/One-Pacific-Square-in-Portland-Ore..jpg?w=640\" class=\"wp-image-1004204360 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/One-Pacific-Square-in-Portland-Ore..jpg\" alt=\"One Pacific Square in Portland, Ore.\" width=\"300\" height=\"240\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/One-Pacific-Square-in-Portland-Ore..jpg 640w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/One-Pacific-Square-in-Portland-Ore..jpg?resize=300,240 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004204360\" class=\"wp-caption-text\">One Pacific Square in Portland, Ore.<\/p><\/div>\n<p>Menlo Equities has sold One Pacific Square, a 239,000-square-foot office tower in Portland, Ore, to an institutional investor.<\/p>\n<p>One Pacific Square, located at 220 N.W. Second Ave., served as NW Natural\u2019s headquarters since the building opened for occupancy in 1983.\u00a0The natural gas distributor will relocate to 250 Taylor St. The new owner is set to modernize the lobby, add first-floor shared tenant amenities and activate existing retail spaces. The LEED certified office high-rise is situated in the north end of Portland\u2019s CBD, 1.5 miles from Interstate 5. The property offers convenient access to multiple bus stations, restaurants and hotels, including Theo\u2019s, The Society Hotel and The Benson.<\/p>\n<p>HFF\u2019s Logan Greer, Michael Leggett, Gerry Rohm, Ben Bullock, Dave Otis, Jeff Hodson and Kevin Freels represented the seller in the transaction. Specht Development negotiated the deal on behalf of the buyer. The\u00a0transaction\u00a0comes a few months after HFF secured more than $40 million for the disposition and recapitalization of CH2M Center, a 227,000-square-foot <a href=\"https:\/\/www.commercialsearch.com\/news\/ch2m-center-lands-hefty-recapitalization\/\">Portland office tower<\/a>.<\/p>\n<p>According to Yardi Matrix data, Menlo Equities purchased One Pacific Square in 2015 from The Ashforth Co. as part of a multi-state portfolio sale.<\/p>\n<p><em>Image courtesy of Yardi Matrix<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>An institutional investor purchased One Pacific Square. NW Natural recently announced plans to relocate its headquarters from the 239,000-square-foot office tower.<\/p>\n","protected":false},"author":753,"featured_media":1004204360,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21742,21747,28440,15],"tags":[32792,32779,33084,33235,36948],"class_list":["post-1004204359","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-latest","category-office","category-portland","category-west","tag-hff","tag-leed","tag-menlo-equities","tag-michael-leggett","tag-specht-development"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Menlo Equities Sells 239 KSF Portland Office Asset - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/menlo-equities-sells-239-ksf-portland-office-asset\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Menlo Equities Sells 239 KSF Portland Office Asset\" \/>\n<meta property=\"og:description\" content=\"An institutional investor purchased One Pacific Square. NW Natural recently announced plans to relocate its headquarters from the 239,000-square-foot office tower.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/menlo-equities-sells-239-ksf-portland-office-asset\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2018-01-19T21:01:26+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T01:58:01+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/One-Pacific-Square-in-Portland-Ore..jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"640\" \/>\n\t<meta property=\"og:image:height\" content=\"512\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Razvan Cimpean\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/menlo-equities-sells-239-ksf-portland-office-asset\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/menlo-equities-sells-239-ksf-portland-office-asset\/\",\"name\":\"Menlo Equities Sells 239 KSF Portland Office Asset - 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