Concept Entertainment Group Inks 15,000-SF Lease in Old Town

PORTLAND, OR-Concept Entertainment Group has signed a long-term lease for the 15,000-sf former Banana Joe’s location in Old Town from Naito Corporation. The local operator of restaurants, bars and nightclubs intends to open a restaurant, bar and nightclub this summer that will have an island theme similar to that of its most recent tenant, Banana Joe’s.

Concept Entertainment Group already operates the Lotus Cardroom and Café, Bar 71, Gypsy Restaurant and Lounge, Duke’s Bar and Grill, Lucky’s Bar and Grill and the underage dance club Quest. Quest and Bar 71 are both within a few blocks of the company’s new leasehold. CEG President John Plew tells GlobeSt.com they decided to lease the space to ensure that the largest public assembly space in Old Town is headed in the right direction.

“We’ve been in the area since 1985,” says Plew. “We feel it’s very important to keep the neighborhood viable and moving forward.”