{"id":1004643084,"date":"2023-02-02T03:52:17","date_gmt":"2023-02-02T11:52:17","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004643084"},"modified":"2023-02-02T03:52:19","modified_gmt":"2023-02-02T11:52:19","slug":"newmark-tapped-to-lease-office-space-at-portland-mixed-use-asset","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/newmark-tapped-to-lease-office-space-at-portland-mixed-use-asset\/","title":{"rendered":"Newmark Tapped to Lease Office Space at Portland Mixed-Use Asset"},"content":{"rendered":"<div id=\"attachment_1004643085\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/5-mlk-e1675266428895.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004643085\" data-attachment-id=\"1004643085\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/newmark-tapped-to-lease-office-space-at-portland-mixed-use-asset\/5-mlk\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/5-mlk-e1675266428895.jpg\" data-orig-size=\"1000,750\" 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;\\u00a9 Yardi Systems, Inc.&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=\"5 mlk\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/5-mlk-e1675266428895.jpg?w=1000\" class=\"wp-image-1004643085 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/5-mlk-e1675266428895.jpg?w=300\" alt=\"5 MLK\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/5-mlk-e1675266428895.jpg 1000w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/5-mlk-e1675266428895.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/5-mlk-e1675266428895.jpg?resize=768,576 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004643085\" class=\"wp-caption-text\">5 MLK<\/p><\/div>\n<p><strong>Newmark <\/strong>has been appointed to lease more than 115,000 square feet of office space at 5 MLK, a mixed-use property in Portland, Ore. Executive Vice President &amp; Managing Director Dave Squire, Director Travis Parrott, and Associate Director Michael Goetz will be marketing the space on behalf of owner <strong>The Green Cities Co.<\/strong><\/p>\n<p>Located at 5 SE Martin Luther King Jr. Blvd., the 17-story, 720,106-square-foot property encompasses four floors of Class A office space available for lease, 220 rental units spread across 11 floors, and 15,000 square feet of retail space. The building&#8217;s amenities package includes a business center, a fitness center, lockers and a yoga studio, a lounge, a conference room, a swimming pool, as well as indoor and outdoor common areas. Additionally, the mixed-use asset also features 180 parking spots and electric vehicle charging stations, according to CommercialEdge data.<\/p>\n<p>Situated on a 1.4-acre lot in Portland\u2019s Central Eastside neighborhood, 5 MLK is across Willamette River and the historic Burnside Bridge, roughly 2 miles from downtown Portland and within 10 miles of Portland International Airport.<\/p>\n<h2>Designed with health and wellness in mind<\/h2>\n<p>Built in 2021, GREC Architects designed 5 MLK with a focus on <a href=\"https:\/\/www.commercialsearch.com\/news\/how-designers-put-natural-materials-to-work-in-the-office\/\">biophilic elements and sustainable features<\/a>, supporting its occupants\u2019 health and wellness needs. The LEED Gold certified property is the first mixed-use building in the country to achieve Fitwel certification.<\/p>\n<p>In a prepared statement, Parrott mentioned that 5 MLK will likely benefit from the ongoing <a href=\"https:\/\/www.commercialsearch.com\/news\/how-deals-will-fare-in-2023-pwc\/\">flight-to-quality trend<\/a> among office users.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>More than 115,000 square feet of office space is available at the 17-story property.<\/p>\n","protected":false},"author":2991,"featured_media":1004643085,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,21752,21742,28440,15],"tags":[50999],"class_list":["post-1004643084","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-mixed-use","category-latest","category-portland","category-west","tag-newmark"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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