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Progress Ridge signs five tenants, now 85 percent leased

By: Nick Bjork//August 9, 2011//

Progress Ridge signs five tenants, now 85 percent leased

Nick Bjork//August 9, 2011//

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Thanks to five new leases the new 20-acre, $100 million development in is now 85 percent leased.

Tualatin-based announced today that it has signed five new tenants to help fill out the development anchored by the bowling alley Big Al’s, Cinetopia and New Seasons Market. New tenants include the national burger chain Fuddruckers, as well as Posh Baby, Cornell Urgent Care, Menchie’s Frozen Yogurt and the waxing shop Brow Betty.

Progress Ridge was one of the few major developments to get off the ground and get through construction in the Portland region in the last few years. In addition to Progress Ridge, Gramor also moved forward the Costco-anchored Lacamus Crossing development in Beaverton and the Fred Meyer-anchored Old Town Square in Wilsonville over the same time period.

Besides the five new tenants and the three anchor tenants, Gramor Development has 17 other tenants signed onto leases for the 325,000-square-foot shopping center. Barry Cain, president of Gramor Development, expects the project to have created 2,000 jobs by the time the shopping center is fully leased.



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