Posts tagged Pearl District
Eastern Real Estate Begins Renovation of Portland’s Historic US Custom House; Space in Pearl District Office Building Will Be Available in Early 2013
With the acquisition of the US Custom House complete, new owner Eastern Real Estate LLC is embarking on a renovation of the historic office building.
Eastern, a California and Massachusetts-based real estate company, acquired the 78,838 square foot building from the General Services Administration (GSA) in a government auction and closed in early October. The company has commissioned a number of local firms, including GBD Architects, Lorentz Bruun Co. and KPFF Consulting Engineers, to work on the project. First Republic Bank’s Portland office provided the financing. NAI Norris, Beggs & Simpson Senior Vice President Sean Turley and President Chris Johnson are leasing the space, which is expected to be ready for occupancy in early 2013. More >
Garnish, a boutique providing women’s clothing designed and handmade in Portland, is opening its second location in Portland’s Pearl District. NAI NBS’ Caryl Brown represented Garnish’s owner, Erica Lurie, in the purchase of the retail condominium at 404 NW 12th Avenue. Check out pics of the new space on Garnish’s blog, and follow Garnish on Facebook for details about when the new store opens.
Garnish’s original location at 1524 NE Alberta Street has been open for about five years. Garnish provides unique, flattering apparel and accessories, with styles made to fit a wide variety of shapes and sizes.
Caryl Brown, who joined NAI NBS in June, has been leasing and selling retail space in Portland’s Pearl District for nearly 10 years. In that time, the Pearl District has grown and changed considerably, but has always remained a neighborhood with a cohesive brand that draws retailers of all stripes. Brown had a column in yesterday’s Daily Journal of Commerce exploring the Pearl’s image and why it continues to be a destination for local and national retailers, as well as office tenants. Read the entire column here.
Caryl Brown has recently closed two new retail transactions in Northwest Portland. She executed a 7-year, 4,800 sf lease with Crossroads Trading Company on NW 23rd Avenue after a long search to find this perfect space. Brown represented the tenant, who she has worked with for 9 years; the company’s only other Portland location is on SE Hawthorne, which Brown also brokered. Crossroads is a recycled clothing store that buys, sells and trades men’s and women’s clothing and accessories; check out their Fall 2011 Fashion Trend Report, a favorite of Brown’s.
Brown also recently sold a 770 sf commercial condo at the Elizabeth, 333 NW 9th Ave. in the Pearl District (see photos below). The Class A space was purchased by an investor, and the tenant is Urban I.D. Interior Design Studio, a collaboration of seven interior designers. The 15-story Elizabeth, which has 17 commercial units on the ground floor and 186 residential units, was completed in 2005. Brown reports that the sale happened rather quickly: a total of 56 days passed from the date of execution on the listing agreement to close and record of the sale. More >
Caryl Brown, who joined NAI NBS as a retail broker in June, has recently brokered three leases in Portland’s Pearl District, including bringing two new tenants into the Pearl’s diverse retail mix. More >
Caryl Brown, an experienced commercial real estate broker, has joined NAI Norris, Beggs & Simpson as an Associate Vice President with the retail brokerage team.
Brown was previously a broker with Debbie Thomas Real Estate for nine years, geographically specializing in lease and sale transactions for commercial properties in the Pearl District. She has brokered a number of significant transactions, including recent leases for Crossroads Trading Company, Hammer & Hand, PlayDate PDX, Cupcake Jones and Odd Ball Shoe Company.
Brown holds a BS in business administration from Portland State University. She is a licensed real estate broker in Oregon, and is pursuing the highly respected Certified Commercial Investment Member (CCIM) designation.