Office Land Available Cascade Station Office Land Available Cascade ...
Office Land Available Cascade Station
Office Land Available Cascade Station
NE Airport Way • Portland, Oregon
NE Airport Way • Portland, Oregon
• Direct access to Airport Way and I-205 • Minutes to I-84 • 1 mile from Portland International Airport • 9 miles from downtown Portland • Within Airport Way Urban Renewal area • Surrounded by new hotels and retail developments
PDC Information Overview The PDC business financial assistance program has two major objectives: job creation/retention and wealth creation. We achieve these objectives through gap financing, meeting the financial need where ‘gaps’ exist by leveraging PDC resources with private capital. Portland companies able to obtain some financing from private sources or lenders, but not enough to achieve their objectives, are potential candidates for PDC business finance tools. Each program has unique service areas, terms and job creation requirements. We can also provide information about state and federal finance programs and connect you to the Small Business Administration, New Markets Tax Credits and other loan programs. In addition, the City of Portland will assist with fast-tracking the necessary entitlements for development, including land use reviews and building permits.
Incentives for Location in Portland Urban Renewal Areas Physical Improvements and Property Acquisition Loan Equipment Purchase and Working Capital Loan Multi-purpose Loan for Small Community Economic Development PDC can offer low interest loans for physical improvements and property acquisition, equipment purchase, working capital, and small community economic development projects. In general, loans are priced to encourage private
investment; the higher the private investment, the lower the interest rate. The funds are not available for retail or speculative development. Funding for this program is available primarily through tax increment and therefore is tied to the costs associated with redevelopment and physical improvements of real estate. Loans for physical improvement and property acquisition are intended to attract more investment into Portland businesses, and increase the number of jobs created for every dollar of public investment. The Equipment Purchase and Working Capital Loan is particularly designed to support the creation and retention of quality jobs through financial assistance to industry cluster companies – activewear, advanced manufacturing, clean technology and software. The program also supports high-growth businesses.
Workforce Training Assistance There are numerous post-secondary training programs in the region. University of Portland, Oregon Institute of Technology, Washington State University – Vancouver, George Fox University, Oregon Graduate Institute/OHSU and Portland State University all offer bachelor level engineering and computer science degrees while several also offer graduate degrees. Moreover WorkSource has resources that can support on-the-job training for new employees, with almost all the skills needed for the job, to learn the proprietary or additional skills required to be a valued employee. Existing worker training grants can be available from Worksystems to support customized training through an outside vendor (eg community college) or internally.
Financing for small community economic development projects is designed to support small and MWESB businesses, and build community wealth through local ownership. The multi-purpose loan is for the acquisition of owner-occupied commercial property, equipment purchase, and working capital based on an identified financial gap.
Potential City Wide Assistance From PDC*
Workforce Assistance
Real estate rehabilitation – low interest loan; up to $2 million; Prime to Prime+3% interest rate
Qualified projects will have a single liaison at Worksystems to help identify and implement a recruitment, training and resource package customized to meet your specific needs.
Façade improvements- grant; up to $20k typically matching grant for storefront improvement costs
The information contained herein was obtained from sources believed reliable; however, Grubb & Ellis Company makes no guarantees, warranties, or representations as to the completeness or accuracy thereof. The presentation of this property is submitted subject to errors, emissions, change of price or conditions prior to sale or lease, or withdrawal without notice.
Working capital - low interest loans; up to $100k; Prime to Prime+4% interest rate
Located at the gateway to Portland International Airport, Cascade Station is a vibrant, mixed-use project that features major retailers, office space, hotels and other services. The project is adjacent to a MAX light rail station and offers convenient access to I-205 and Airport Way.
Equipment purchase- low interest loans; up to $150k; Prime to Prime+4% interest rate Real estate acquisition- low interest loan; up to $250k; Prime to Prime+4% interest rate
* Specific criteria must be met
• Land for office development available • 4 parcels ranging in size from 4 to 9.27 acres • Parcel K – +4 Acres • Parcel D – 5.9 Acres • Parcel E – 7.8 Acres • Parcel G – 9.27 Acres • Land available on long-term land lease from Port of Portland • Zoned EG2 – General Employment • Located in the Airport Way Urban Renewal Area • Economic Incentives available for jobs SALE PRICE: $10.00/SF
To learn more, please contact: David C. Squire, SIOR Irfan Tahir 503.972.5505 503.972.5509 [email protected] [email protected]
Michelle Franceschi 503.972.5523 [email protected]
1120 NW Couch Street • Suite 350, Portland, Oregon 97209 • www.grubb-ellis.com
Office Land Available Cascade Station NE Airport Way • Portland, Oregon
N.E. AIRPORT WAY RESIDENCE INN
60'
LOADING
(120 ROOMS) 100,000 SF TOTAL
LOADING
LOADING
212'
LOADING
168'
20,388 SF
159.75'
MAJOR H
29,850 SF
233.67'
132'
MAJOR K MAJOR L
125'
16,062 SF
198.67' 109.34'
MAJOR B 45,631 SF
180' 170'-6"
RETAIL 923 SF
YO CREAM S-7A
1810 SF
MORGAN JEWELERS
S-6A
FIRST
2285 SF
1000 SF
S-6B
NAIL GARDEN
SUPERCUTS
1384 SF
2349 SF
2000 SF
S-6B.1
INDEPENDENT 2205 SF
S-6E S-6D S-6C
TACO DEL MAR
S-6H
31'-1"
S-6G.1S-6G.2
GNC 1200 SF
1329 SF
PANDA EXPRESS
S-5C
1504 SF
ZOOM CARE 1927 sf
T MOBILE
41'-6"
2072 SF
S-4E
2000 sf
S-5E
1804 SF
S-4B
8260 SF
KAY JEWELERS
S-4A
6114 SF
S-5D
S-5B.1 S-5B.2
STARBUCKS
MATTRESS WORLD
7,000 SF
7,250 SF
4056 SF
S-5A
RETAIL 740 SF
MAJOR A-1
CELEBRITY TAN
RETAIL
SLEEP COUNTRY
RESTAURANT PAD 2
2260 SF
RESTAURANT PAD 1
1860 SF
38.5'
PATIO
S-5F
20,926105.75' SF
S-5G
2325 SF
QUIZNOS SUB
S-6F
1550 SF
S-5H
JAMBA JUICE
HOT POT N' SUSHI
MAJOR A-2
OFFICE
LOADING
1,282 SF
159.34'
112'
135'
109.34'
186'
59.25'
40,788 SF
27,869 SF
142'
30'
MAJOR G
MAJOR F
15,028 SF
108'
3000 SF
S-3C
MAJOR E
PIZANO'S
100,000 SF TOTAL
100,000 SF TOTAL
67.58'
6999 SF
30047 SF
2490 SF
4 STORIES
66.83'
MAJOR D
MAJOR C
VERIZON
OFFICE
7576 SF
LEARNING PLACE
PATIO
ANCHOR B
S-7B
4004 SF
280,000 SF
N.E. CASCADES PARKWAY
4 STORIES
OFFICE
100,000 SF TOTAL
3 STORIES 75,000 SF TOTAL
N.E. CASCADES PARKWAY
PARCEL G 9.27 acres
OFFICE
ITT EDUCATIONAL SERVICES (35,000 SF)
OFFICE
Cascade Station I (92,540 SF)
HOTEL
HOTEL
HYATT PLACE (140 ROOMS) 18,000 SF / LEVEL
BUFFALO WILD WINGS RETAIL PAD 4A 6572 SF
PAD 4B 5919 sf
PAD 4C 5518 SF
BY
STARWOOD
OFFICE
OFFICE
OFFICE
OFFICE
4 STORIES
4 STORIES
100,000 SF TOTAL
2 STORIES
LIGHT RAIL LINE
PROPERTY FEATURES • Economic incentives for jobs • Office parcels available from 4 to 9 acres • Ready-to-develop services in place • Excellent visibility from Airport Way • Residential and commercial support services adjacent to site • Access to a rapidly growing employment base • Numerous restaurants, eateries, retail and hotels in the immediate vicinity
40,000 SF TOTAL
PARCEL E 7.8 acres
OFFICE
3 STORIES 75,000 SF TOTAL
N.E. MT. ST. HELENS AVE.
OFFICE
OFFICE OFFICE
100,000 SF TOTAL
MAX Light Rail Line
OFFICE OFFICE
3 STORIES 75,000 SF TOTAL
PARCEL D 5.9 acres
Office & Hotel (Future Phase) Retail Anchor Retail Center
PORTLAND DEVELOPMENT COMMISSION TRAMMELL CROW COMPANY
INT E (135 R S T A ,600 T DAIL E 2 0 5 Y TRI PS)
4 STORIES
PARCEL K ±4 acres remaining
RETAIL
S-2A 1764 SF
208'-8"
N.E. MOUNT
FEDERAL GOV
7272 SF
S-2B
4845 SF
SERVICE YARD
5,084 SF
5000 SF
SERVICE YARD
137,926 SF
SHOPS
MAURICE'S S-1
S-3B
250'
ANCHOR A
100,000 SF TOTAL
S-3A
AVENUE
LOADING
HOOD AVE.
4 STORIES
BATH & BODYWORKS
LOADING
OFFICE
Office & Hotel (Phase I)
POPULATION 3 MILES 2010 Population Growth Projection 2010 - 2015
5 MILES
7 MILES
69,472
298,017
635,668
3.66%
4.42%
5.15%
HOUSEHOLD INCOME 3 MILES 2010 Estimated Average Daytime Employment
5 MILES
7 MILES
$64,598
$66,671
$61,658
38,196
140,132
413,923
The information contained herein was obtained from sources believed reliable; however, Grubb & Ellis Company makes no guarantees, warranties, or representations as to the completeness or accuracy thereof. The presentation of this property is submitted subject to errors, emissions, change of price or conditions prior to sale or lease, or withdrawal without notice.
Office Land Available Cascade Station
NE Airport Way • Portland, Oregon
NE Airport Way • Portland, Oregon
• Direct access to Airport Way and I-205 • Minutes to I-84 • 1 mile from Portland International Airport • 9 miles from downtown Portland • Within Airport Way Urban Renewal area • Surrounded by new hotels and retail developments
PDC Information Overview The PDC business financial assistance program has two major objectives: job creation/retention and wealth creation. We achieve these objectives through gap financing, meeting the financial need where ‘gaps’ exist by leveraging PDC resources with private capital. Portland companies able to obtain some financing from private sources or lenders, but not enough to achieve their objectives, are potential candidates for PDC business finance tools. Each program has unique service areas, terms and job creation requirements. We can also provide information about state and federal finance programs and connect you to the Small Business Administration, New Markets Tax Credits and other loan programs. In addition, the City of Portland will assist with fast-tracking the necessary entitlements for development, including land use reviews and building permits.
Incentives for Location in Portland Urban Renewal Areas Physical Improvements and Property Acquisition Loan Equipment Purchase and Working Capital Loan Multi-purpose Loan for Small Community Economic Development PDC can offer low interest loans for physical improvements and property acquisition, equipment purchase, working capital, and small community economic development projects. In general, loans are priced to encourage private
investment; the higher the private investment, the lower the interest rate. The funds are not available for retail or speculative development. Funding for this program is available primarily through tax increment and therefore is tied to the costs associated with redevelopment and physical improvements of real estate. Loans for physical improvement and property acquisition are intended to attract more investment into Portland businesses, and increase the number of jobs created for every dollar of public investment. The Equipment Purchase and Working Capital Loan is particularly designed to support the creation and retention of quality jobs through financial assistance to industry cluster companies – activewear, advanced manufacturing, clean technology and software. The program also supports high-growth businesses.
Workforce Training Assistance There are numerous post-secondary training programs in the region. University of Portland, Oregon Institute of Technology, Washington State University – Vancouver, George Fox University, Oregon Graduate Institute/OHSU and Portland State University all offer bachelor level engineering and computer science degrees while several also offer graduate degrees. Moreover WorkSource has resources that can support on-the-job training for new employees, with almost all the skills needed for the job, to learn the proprietary or additional skills required to be a valued employee. Existing worker training grants can be available from Worksystems to support customized training through an outside vendor (eg community college) or internally.
Financing for small community economic development projects is designed to support small and MWESB businesses, and build community wealth through local ownership. The multi-purpose loan is for the acquisition of owner-occupied commercial property, equipment purchase, and working capital based on an identified financial gap.
Potential City Wide Assistance From PDC*
Workforce Assistance
Real estate rehabilitation – low interest loan; up to $2 million; Prime to Prime+3% interest rate
Qualified projects will have a single liaison at Worksystems to help identify and implement a recruitment, training and resource package customized to meet your specific needs.
Façade improvements- grant; up to $20k typically matching grant for storefront improvement costs
The information contained herein was obtained from sources believed reliable; however, Grubb & Ellis Company makes no guarantees, warranties, or representations as to the completeness or accuracy thereof. The presentation of this property is submitted subject to errors, emissions, change of price or conditions prior to sale or lease, or withdrawal without notice.
Working capital - low interest loans; up to $100k; Prime to Prime+4% interest rate
Located at the gateway to Portland International Airport, Cascade Station is a vibrant, mixed-use project that features major retailers, office space, hotels and other services. The project is adjacent to a MAX light rail station and offers convenient access to I-205 and Airport Way.
Equipment purchase- low interest loans; up to $150k; Prime to Prime+4% interest rate Real estate acquisition- low interest loan; up to $250k; Prime to Prime+4% interest rate
* Specific criteria must be met
• Land for office development available • 4 parcels ranging in size from 4 to 9.27 acres • Parcel K – +4 Acres • Parcel D – 5.9 Acres • Parcel E – 7.8 Acres • Parcel G – 9.27 Acres • Land available on long-term land lease from Port of Portland • Zoned EG2 – General Employment • Located in the Airport Way Urban Renewal Area • Economic Incentives available for jobs SALE PRICE: $10.00/SF
To learn more, please contact: David C. Squire, SIOR Irfan Tahir 503.972.5505 503.972.5509 [email protected] [email protected]
Michelle Franceschi 503.972.5523 [email protected]
1120 NW Couch Street • Suite 350, Portland, Oregon 97209 • www.grubb-ellis.com
Office Land Available Cascade Station NE Airport Way • Portland, Oregon
N.E. AIRPORT WAY RESIDENCE INN
60'
LOADING
(120 ROOMS) 100,000 SF TOTAL
LOADING
LOADING
212'
LOADING
168'
20,388 SF
159.75'
MAJOR H
29,850 SF
233.67'
132'
MAJOR K MAJOR L
125'
16,062 SF
198.67' 109.34'
MAJOR B 45,631 SF
180' 170'-6"
RETAIL 923 SF
YO CREAM S-7A
1810 SF
MORGAN JEWELERS
S-6A
FIRST
2285 SF
1000 SF
S-6B
NAIL GARDEN
SUPERCUTS
1384 SF
2349 SF
2000 SF
S-6B.1
INDEPENDENT 2205 SF
S-6E S-6D S-6C
TACO DEL MAR
S-6H
31'-1"
S-6G.1S-6G.2
GNC 1200 SF
1329 SF
PANDA EXPRESS
S-5C
1504 SF
ZOOM CARE 1927 sf
T MOBILE
41'-6"
2072 SF
S-4E
2000 sf
S-5E
1804 SF
S-4B
8260 SF
KAY JEWELERS
S-4A
6114 SF
S-5D
S-5B.1 S-5B.2
STARBUCKS
MATTRESS WORLD
7,000 SF
7,250 SF
4056 SF
S-5A
RETAIL 740 SF
MAJOR A-1
CELEBRITY TAN
RETAIL
SLEEP COUNTRY
RESTAURANT PAD 2
2260 SF
RESTAURANT PAD 1
1860 SF
38.5'
PATIO
S-5F
20,926105.75' SF
S-5G
2325 SF
QUIZNOS SUB
S-6F
1550 SF
S-5H
JAMBA JUICE
HOT POT N' SUSHI
MAJOR A-2
OFFICE
LOADING
1,282 SF
159.34'
112'
135'
109.34'
186'
59.25'
40,788 SF
27,869 SF
142'
30'
MAJOR G
MAJOR F
15,028 SF
108'
3000 SF
S-3C
MAJOR E
PIZANO'S
100,000 SF TOTAL
100,000 SF TOTAL
67.58'
6999 SF
30047 SF
2490 SF
4 STORIES
66.83'
MAJOR D
MAJOR C
VERIZON
OFFICE
7576 SF
LEARNING PLACE
PATIO
ANCHOR B
S-7B
4004 SF
280,000 SF
N.E. CASCADES PARKWAY
4 STORIES
OFFICE
100,000 SF TOTAL
3 STORIES 75,000 SF TOTAL
N.E. CASCADES PARKWAY
PARCEL G 9.27 acres
OFFICE
ITT EDUCATIONAL SERVICES (35,000 SF)
OFFICE
Cascade Station I (92,540 SF)
HOTEL
HOTEL
HYATT PLACE (140 ROOMS) 18,000 SF / LEVEL
BUFFALO WILD WINGS RETAIL PAD 4A 6572 SF
PAD 4B 5919 sf
PAD 4C 5518 SF
BY
STARWOOD
OFFICE
OFFICE
OFFICE
OFFICE
4 STORIES
4 STORIES
100,000 SF TOTAL
2 STORIES
LIGHT RAIL LINE
PROPERTY FEATURES • Economic incentives for jobs • Office parcels available from 4 to 9 acres • Ready-to-develop services in place • Excellent visibility from Airport Way • Residential and commercial support services adjacent to site • Access to a rapidly growing employment base • Numerous restaurants, eateries, retail and hotels in the immediate vicinity
40,000 SF TOTAL
PARCEL E 7.8 acres
OFFICE
3 STORIES 75,000 SF TOTAL
N.E. MT. ST. HELENS AVE.
OFFICE
OFFICE OFFICE
100,000 SF TOTAL
MAX Light Rail Line
OFFICE OFFICE
3 STORIES 75,000 SF TOTAL
PARCEL D 5.9 acres
Office & Hotel (Future Phase) Retail Anchor Retail Center
PORTLAND DEVELOPMENT COMMISSION TRAMMELL CROW COMPANY
INT E (135 R S T A ,600 T DAIL E 2 0 5 Y TRI PS)
4 STORIES
PARCEL K ±4 acres remaining
RETAIL
S-2A 1764 SF
208'-8"
N.E. MOUNT
FEDERAL GOV
7272 SF
S-2B
4845 SF
SERVICE YARD
5,084 SF
5000 SF
SERVICE YARD
137,926 SF
SHOPS
MAURICE'S S-1
S-3B
250'
ANCHOR A
100,000 SF TOTAL
S-3A
AVENUE
LOADING
HOOD AVE.
4 STORIES
BATH & BODYWORKS
LOADING
OFFICE
Office & Hotel (Phase I)
POPULATION 3 MILES 2010 Population Growth Projection 2010 - 2015
5 MILES
7 MILES
69,472
298,017
635,668
3.66%
4.42%
5.15%
HOUSEHOLD INCOME 3 MILES 2010 Estimated Average Daytime Employment
5 MILES
7 MILES
$64,598
$66,671
$61,658
38,196
140,132
413,923
The information contained herein was obtained from sources believed reliable; however, Grubb & Ellis Company makes no guarantees, warranties, or representations as to the completeness or accuracy thereof. The presentation of this property is submitted subject to errors, emissions, change of price or conditions prior to sale or lease, or withdrawal without notice.
