We acquired this 34,000 sq ft property near the corner of NW 23rd and Savier in December 2013.
The US Postal Service, whose lease expires in September 2019, is the property’s sole tenant. Savier is situated in a highly sought after residential and retail location within the popular Northwest Portland neighborhood, where single lots of comparable size are limited. The property’s zoning designation, commercial-storefront (CS), is desirable and allows for a mix of retail and residential uses. We are currently exploring development options and timing.