Lender-Owned, 90,086 SF Class A Office in Portland’s Coveted Pearl District
Type
Class A multi-tenant office
# of Stories
Nine (subject property only between floors 5-9)
NRSF
90,086 SF (per 2024 BOMA remeasurements)
Year built
2009
Site Area (AC)
0.90
Zoning
EX - Central Employment
Parking
141 spots (garage)
Condo Regime
The building is divided into three separate condominium interests.
Unit 1 (NAP) includes a 40,000 SF Safeway on the ground floor and 2nd (mezzanine) levels plus dedicated retail parking on level 3.
Unit 2 (NAP) includes 1 1/2 stories of parking on levels 4-5 utilized for nearby office building.
Unit 3 (the offering) includes office on levels 7-9 plus 1 1/2 floors of parking on floors 5-6. Unit 3 manages the association.
HIGHLIGHTS
90,086 SF Class A office with mixed-use residential and retail neighborhood support
Common area outdoor terrace with spectacular views (7th Floor)
Located on the Portland Streetcar line
LEED Gold Certified
Sustainable Rooftop Terrace / Green Roof System
Situated in the highly desirable Pearl District with with easy access to dining, residential, and transit
Location
The Lovejoy is located in Portland’s highly sought-after Pearl District, an area famous for its urban historic charm.
Since its transformation in the late 1990s, the Pearl District has become a leading example of urban reinvention, offering a dynamic mix of creative office, residential, and commercial uses supported by an exceptional amenity base.
The district attracts Portland’s most sought-after employers and talent, driven by its walkable environment, vibrant retail and dining scene, access to recreational spaces, and proximity to major job centers. This live-work-play ecosystem supports an active, 18-hour lifestyle that aligns with the preferences of today’s creative and technology-focused office users. With approximately 5.6 million square feet of retail within a one-mile radius and close connectivity to Slabtown and the broader Northwest District, the property benefits from strong employment growth and a concentration of amenity-rich, highly desirable surroundings. The Pearl District’s distinctive character and accessibility firmly position it as one of Portland’s premier creative office micromarkets.
98
Walk Score
Walker's paradise
85
Transit Score
Excellent transit
98
Bike Score
Biker’s Paradise
Exclusively Listed by
Brokerage Regional President
Kidder Mathews is the largest independent commercial real estate firm in the Western U.S., with 900 real estate professionals and staff in 19 offices in Washington, Oregon, California, Nevada, and Arizona. For more information, visit kidder.com.