Title Imaging Service Leases Downtown Retail Space

PORTLAND-Title Imaging Services is moving into the long-vacant ground floor of the former J.K. Gill Building, which is owned by the county and located at 408 SW Fifth Ave. The space has been vacant for 11 years.

The company this week inked a 10-year lease for 6,700-sf at a full-service rate of $14.50 per sf, which will net the county $973,000, or just about what the county has said it will take to restore the space and make it useable. The investment in the space will add $1.5 million in value to the building, according to the county.

J.K. Gill occupied the space until 1999. In approving the lease deal, county commissioners expressed relief that the county-owned space will no longer be one of few empty storefronts Downtown.