421 SW 6th Ave, Portland, OR 97204
Designed by renowned architect Pietro Belluschi and constructed between 1946 and 1948, Commonwealth is recognized as one of the first glass box, mid-century design towers ever built. Since its creative repositioning beginning in 2008, the building has become one of the dominant locations for Portland’s technology, advertising, media and information tenants.
More than $13.6 million was invested in tenant improvements, shared amenities and capital expenditures in recent years, allowing Commonwealth to offer a best-in-class tenant experience. Amenities include a roof top deck, building conference room, tenant lounge, bicycle storage, a fitness center and locker rooms. The building fronts the Sixth Avenue transit mall providing tenants with convenient access to mass transit.
The property is among the oldest buildings in Portland to be awarded LEED-EB Gold by the U.S. Green Building Council.
Investment at a Glance
Location: Portland, OR
Property Type: Class A Office
Acquisition Date: June 30, 2016
Purchase Price: $69,000,000
Square Footage: 219,742 sqft
No. of Buildings: 1
No. of Stories: 14
Site Size: 0.46 Acre
Year Built: 1948/2013-2015
$69,000,000 Total Purchase Price
219,742 square feet Total Rentable Area
Class A Building Class