Office

Pioneer Tower

Portland, OR

Acquired June 2016

At a Glance

Unparalleled mixed-use urban environment with direct access to Pioneer Place, Portland’s number one shopping destination while also offering convenient access to its Transit Mall.

Investment Rationale

  • 17-story, multi-tenant, Class A office building in the heart of Portland’s central business district.

  • Leased to a diverse roster of professional service tenants whose average tenure of occupancy is over fourteen years.

  • Portland is one of LaSalle’s target office markets and exhibits a low direct vacancy rate of 6.7%.

  • Purchase price at time of acquisition is estimated to be approximately 10% below replacement cost.

  • LEED-Certification-100x294.png#asset:9643 LEED Certified, Energy Star Certification


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Location

Pioneer Maps