PORTLAND, OR—Working on behalf of institutional investors, Prudential Real Estate Investors has acquired Block 300, a 361,805 square foot class A office property. Additional terms of the transaction were not disclosed.
Block 300 is a LEED Gold certified, 10-story office property located in the technology triangle of Portland's central business district. Constructed in 1991, the office underwent significant renovations in 2013 and 2014, including a fully redesigned lobby, an updated on-site fitness center and a new state-of-the-art conference facility.
In addition, Block 300's green design specifications are expected to result in savings in water, electricity, and gas, which will decrease expenses for tenants.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
