Insignia/ESG Adds 450,000 SF to Local Mgmt. Portfolio

PORTLAND-Insignia/ESG has brought 450,000-sf under its local management wing in the past several weeks thanks to existing clients making new acquisitions. Insignia’s Portland unit now manages close to four million sf in the region.

Three clients have acquired six Oregon buildings since February: Fremont Place I & II, Technology Center I & II, North Pacific Plaza, Village East, Farmington Village, and Crimson Corner. The clients who own the properties are pension fund advisor McMorgan & Co., which added Fremont Place to one of its funds recently for $17.5 million, as well as Dallas-based P.O’B. Montgomery and Boston-based One Beacon.

Insignia’s managing director of property services Dwight Knapp tells GlobeSt.com the company was successful in winning the new assignments because it has been successful at assisting them in growing their portfolios by presenting them with potential investments that have paid off.