Nelson's Nautilus Backfills Bally's at South Center

TUALATIN, OR-Nelson’s Nautilus has inked a 10-year lease for 21,227 sf at the South Center office development in Tualatin. The estimated $3-million lease deal commences Aug. 1.

South Center is a 342,000-sf development owned by UBS Realty Advisors and tenanted by the likes of US Bank (40,000 sf), PGE (28,000 sf) and Pixelworks (24,000 sf). The lease brings the multi-building development to 91% occupancy in a market averaging closer to 85%.

For UBS, the lease deal means there will be only three months of down time for its gym space, which was relinquished by Bally’s Total Fitness in April. For business owner Myron Nelson, the transaction gives his growing fitness chain its first Westside location. Insignia/ESG has the leasing assignment.