Newmark (NMRK), as an exclusive advisor, is pleased to present the opportunity to acquire Liberty Centre (the "property") - a 17-story Class A office tower located in Portland's vibrant Lloyd District submarket.
Originally developed in 1997 by Liberty Northwest Insurance Corporation, the property served as the company's headquarters for over two decades. Liberty Centre offers a wide array of physical characteristics consistent with a partially owner-occupied building including an above market parking ratio within a covered facility, high-quality amenity package, and unrivaled access to public transit and freeways.
Currently 22% occupied with approximately 4.5 years of WALT, the property provides users the opportunity to immediately occupy over 85,000 SF of contiguous space with the ability to double their footprint within the first two years of ownership.
Liberty Centre offers owner-users the rare opportunity to acquire a Class A office tower that has been institutionally owned and operated for over 25 years at a significant discount to replacement cost within a submarket that has one of the highest concentrations of owner-occupied real estate in the Portland metro.