Ambitious creative office campus takes shape in Northwest Portland
JLL to handle all leasing at the 60,000-square-foot office building
Portland, November 27, 2018 – LANGLEY INVESTMENT PARTNERS is transforming the industrial north edge of Northwest Portland with Redfox Commons, an ambitious renovation project breathing new life into a historic landmark location. With construction well underway, the project will offer 60,000+ square-feet of Class A+ commercial creative workspace in a campus setting.
The partners on the project include developer LANGLEY INVESTMENT PARTNERS in a programmatic joint venture with Belay Investment Group (L&L Belay Fund II, LLC), architectural firm LEVER Architecture, R&H Construction, KPFF Consulting Engineers, and WDY Structural and Civil Engineering. Sean Turley and Mike Malone are leading the team at JLL handling all leasing for Redfox Commons.
Redfox Commons sits in the emerging NOVA (North of Vaughn) submarket at the north edge of Northwest Portland. It is one block east of the iconic Montgomery Park building in a neighborhood poised for redevelopment. Set for completion in February of 2019, the project knits together two World War II-era warehouses – home to the former Freeman Factory – creating a LEED quality, light-filled space that fosters collaboration in a refined, industrial environment. One of the more striking features of the building is the new glass-enclosed jewel box building, which adjoins the flanking warehouse structures to the east and west. Additionally, the building has an expansive structure of original, old growth timber, with bow and scissor trusses, north facing dormers, and 100-foot clear spans that sit atop raw concrete flooring.
Additional features will include:
- 1:1,000 vehicle parking and flexible, secure off-street bicycle parking
- Private courtyard/garden with indoor/outdoor gathering space
- Immediate freeway access to both I-405 and I-5
- Common area showers and lockers
The area surrounding Redfox Commons has been noted by the City of Portland as likely to experience significant growth. Portland Streetcar noted Montgomery Park as a priority for expansion. Earlier this year, Adidas moved into 80,000-square-feet of space the Montgomery Park building, creating a new home for its brand center and the employee store. In June, local developers and investors came together to purchase the nearby 22.45-acre ESCO Corp. site.
“We recognized the value in preserving the character and impact of the original timber structure, reimagined in a modern context that would live in the current context of and evolve with the neighborhood. Situated on the former entrance to the Lewis and Clark Centennial Exposition, the property has served as a symbolic and physical gateway to the NOVA District (Guild’s Lake) for over a hundred years,” said Anna Langley, Principal at LANGLEY INVESTMENT PARTNERS.
“We’re excited to be a part of a project that is creating momentum for the transformation that’s taking place in this neighborhood,” said Sean Turley. “The location appeals to a wide variety of creative and technology-focused tenants in this region and beyond who are looking to attract and retain top talent.”
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JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. Our vision is to reimagine the world of real estate, creating rewarding opportunities and amazing spaces where people can achieve their ambitions. In doing so, we will build a better tomorrow for our clients, our people and our communities. JLL is a Fortune 500 company with operations in over 80 countries and a global workforce of 88,000 as of September 30, 2018. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com
About LANGLEY INVESTMENT PARTNERS
LANGLEY INVESTMENT PARTNERS is a woman owned business and privately held real estate investment firm based in Portland, Oregon. The company acquires, repositions and develops best-in-class urban properties, creating attractive investment opportunities that enhance the fabric of the community. LANGLEY INVESTMENT PARTNERS combines more than 57 years of real estate and capital markets experience, benefitting from a national perspective and an investment strategy marked by vision, focus, discipline and commitment. In addition to overseeing its current portfolio of multi-family and mixed-use office projects, LANGLEY is well positioned to capture a growing share of Portland’s urban investment opportunities on behalf of its investors and joint venture partners.
www.langleyinvestmentproperties.com (affiliated company)