Cardno signs lease in BPM Real Estate Group’s Willamette Oaks Office Building on SW Macadam Ave.
April 28, 2016
When Ankrom Moisan Architects moves out of its longtime home on Southwest Macadam Avenue later this year, it will leave vacant a 37,000-square-foot Class A office building on the edge of the Willamette River.
But not for long.
International engineering consultant Cardno has signed on to move its Portland offices into nearly 21,000 square feet on the first and second floors of the Willamette Oaks building at 6720 S.W. Macadam Ave. Cardno’s local office is currently located at 5415 S.W. Westgate Drive.
“Willamette Oaks is the address for companies who want a park-like campus without sacrificing proximity to downtown,” said Annalore Rodman of JLL in Portland, who represents the property for Bowen Real Estate Group, in a release. “We are pleased to welcome Cardno to Willamette Oaks and look forward to leasing the remaining space to organizations that value its unique opportunity.”
Built in 1960 and significantly remodeled in 2012, the Willamette Oaks building features open floor plans and modern interior finishes. It sits near Willamette Park and has two balconies, including a rooftop deck, and expansive views of the Willamette River and Mt. Hood.
“Willamette Oaks is a fabulous place for our team,” said Kevin Beck, corporate real estate program manager for Cardno. “Location and environment are so important when your business is based on creativity and innovation, and we believe Willamette Oaks will help inspire us to deliver both to our clients.”
Ankrom Moisan sold the building to BDC Willamette LLC last year for $6.25 million. BDC Willamette LLC is registered to Walter Bowen, CEO of Bowen Real Estate Group.
According to the release, Cardno will occupy 20,988 square feet of Willamette Oak’s 37,075 square feet of Class A office space. The engineering firm will be on part the first floor and all of the second floor. The remaining 6,800 square feet on the first floor and the 9,041 square feet on the third floor will be available for lease.
Ankrom Moisan is expected to remain in the building through October of this year. After that, the company is moving its headquarters into a new building in Old Town Chinatown. Gerding Edlen is building the six-story, $37 million mixed-used building at Northwest Davis and Northwest First. The building will include ground-floor retail, office space and 58 market rate apartments. The project broke ground in December 2014 and was originally expected to be completed by early 2016, though it would appear the schedule has been pushed back a bit.