River East Center_Property for Sale
River East Center_Property for Sale
1515 SE Water Ave, Portland, OR 97214

River East Center

Asset Description

Jones Lang LaSalle Americas, Inc. ("JLL") is pleased to present the opportunity to purchase River East Center (the "Property"), a LEED Gold certified, four-story Class B building with 99,999 rentable square feet in Portland’s dynamic Close-In Eastside Submarket. Renovated in 2006 and situated on 3.63 acres, the Property features efficient floor plates measuring approximately 37,000 square feet on the first and third floors, flexible mezzanine space for single or multi-tenant use, open layouts, generous window lines, abundant natural light, river views, and 176 parking stalls—a highly coveted amenity within the Urban Core. Serving as the headquarters for Mackenzie Engineering since 2007, River East Center is located near Portland’s trendiest restaurants, cafes, and clubs, offering amenities favored by the modern workforce in a submarket that attracts a young, well-educated, and affluent demographic.

Attributes

Building area gross
9,290 m²
Land area gross
1.47 ha
Occupancy
30%
Year built
1952
Year renovated
2006
Parking spaces
176

Media

Investment Highlights

  • LEED Gold Certified
  • 30% Leased to Mackenzie Engineering, Serving as their Headquarters
  • 99,999 RSF of Prime Creative Office Space
  • Seismically Upgraded with Low Capital Needs
  • Situated in Portland's Vibrant Close-In Eastside Submarket
River East Center 4_Property for Sale
River East Center 4_Property for Sale

Contact brokers

Buzz Ellis, SIOR_Commercial Real Estate Broker
Buzz Ellis, SIORManaging Director, Capital Markets
Nick Davino_Commercial Real Estate Broker
Nick DavinoDirector, Capital Markets
River East Center (0 Properties)

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Last updated
19 Nov 2024