Field Office

Jones Lang LaSalle Americas, Inc. (“JLL”), as exclusive advisor, is pleased to present the opportunity to acquire Field Office (the “Campus” or “Property”), a two-building, 289,190 square foot office campus in Portland’s expanding North Pearl District. Field Office sets a new standard for Class A office space in Portland, distinguished by its modern architecture, LEED Platinum certification, and comprehensive amenity package. The Property represents a rare opportunity to acquire a premier, market-defining asset in a market where no new office development is planned for Downtown Portland in the foreseeable future.

Originally designed with the collaborative work environment in mind and named the “2019 Development of the Year,” buyers will benefit from a campus with pristine, state-of-the-art base building infrastructure. This allows a new owner to focus capital directly on accretive, customized tenant improvements. With the ability to offer up to 103,297 square feet of contiguous space, the Campus provides a rare headquarters-scale opportunity with maximum flexibility to meet the demands of today’s quality-seeking tenants.

This competitive advantage is further amplified by the property’s location within a Portland Enterprise Zone, offering qualifying companies a five-year property tax abatement that significantly reduces occupancy costs. This powerful financial incentive, combined with the ability to acquire the asset at a generationally reset basis, presents a singular chance to deliver bespoke workspaces within a property that already exceeds tenant expectations with its on-site childcare, fitness center, private outdoor patios on every floor, comprehensive transportation solutions, and a private 17,000 square foot courtyard connecting the two buildings that is perfect for exclusive tenant events and retail activation.

Strategically positioned on the frontier of Portland’s northern growth, the Campus is poised to benefit from the definitive resurgence of the city’s urban core. The city is experiencing a wave of economic and cultural catalysts, breathing new life and investment into downtown. As this renewed energy continues, the Pearl and Slabtown micro-markets have created a gravitational pull of tenant demand. This “Northward Pull” has proven its drawing power, with Field Office attracting tenants from outside the downtown core—particularly from the Eastside—and those cross-shopping the submarket. This appeal is underscored by significant leasing velocity, with over 50,000 square feet successfully leased at the Property in the last 18 months alone. This momentum positions a new owner to capitalize on the clear flight-to-quality and the extremely limited inventory of premier space in this dynamic district.