January 31, 2023 9:00 AM
Newmark announces that The Green Cities Company, an investment management firm pioneering environmental and social responsibility in the real estate sector, has signed an exclusive listing agreement with the Newmark Portland office team to lease The Offices at 5 MLK in Portland, Oregon.
Newmark Managing Director Travis Parrott, Executive Vice President and Managing Director Dave Squire and Associate Director Michael Goetz are leasing the space on behalf of ownership.
The property, located at 5 SE Martin Luther King Jr. Boulevard, features four floors totaling over 115,000 square feet of Class A office space office space available for lease, along with 11 floors of apartment space above, thoughtfully designed by GREC Architects.
Building amenities include a modern fitness center with a yoga studio and lockers, a wellness room, a lounge with game tables, conference room facilities, indoor and outdoor gathering spaces, BBQs and terraces. The office floors are open and versatile, with private outdoor terraces providing sprawling views of the river and west hills.
“5 MLK was designed to provide a world class experience for tenants, offering best-in-class workspace and amenities from its common areas to pristine landscaping,” said Kelly Saito, Managing Partner at The Green Cities Company. “5 MLK is a thoughtful addition to the design aesthetic of the surrounding Eastside developments and the Burnside bridgehead.”
“We are very excited to represent The Offices at 5 MLK,” said Parrott. “Coming out of the pandemic, we see more tenants reevaluating their space needs and considering a flight to quality from Portland’s usual commercial districts. 5 MLK sets a new standard of quality office space on Portland’s central eastside.”
This is the first mixed-use building in the country to achieve Fitwel certification under a new program for mixed-use buildings, combining occupant health requirements for residents and office tenants. The principles of Biophilic Design are used throughout the property to support the health and wellness of its occupants by combining natural elements with the built environment.
About The Green Cities Company
The Green Cities Company has driven innovation in real estate investment management for over a decade through the confluence of environmental, social and investment value. With this forward-thinking strategy and fully integrated in-house expertise, the firm acquires, manages, and develops office, mixed-use and multi-family assets. Deep experience in select U.S. markets, combined with meaningful attention to ESG considerations, positions The Green Cities Company for enhanced tenant retention and superior operations. This differentiated approach, along with disciplined risk management, encompasses the environmental footprint of an asset, the diversity and inclusivity of its community and the wellbeing and fulfillment of its occupants and neighbors. Each member of the team is dedicated to a resilient investment portfolio that yields results to the firm’s investors, employees, tenants, and communities. For more information, please visit www.greencities.com.
Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries (“Newmark”), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark’s comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform’s global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. Newmark generated revenues of approximately $3.1 billion for the twelve months ending September 30, 2022. Newmark’s company-owned offices, together with its business partners, operate from approximately 180 offices with nearly 6,700 professionals around the world. To learn more, visit nmrk.com or follow @newmark.
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