Zidell acquires more land in South Waterfront

By: Lee Fehrenbacher//May 14, 2012//

Zidell acquires more land in South Waterfront

Lee Fehrenbacher//May 14, 2012//

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, the real estate arm of the , has acquired a 43,000-square-foot building on the South Waterfront.

Located at 3030 S.W. Moody Ave., the building sits on 2.77 acres and brings the Zidell property along the waterfront to 33 contiguous acres between the Oregon Health and Sciences University tram and a planned light-rail station. In 2001, Zidell developed a long-range vision statement for the site that envisions the area as an urban hub for housing and commerce.

ZRZ purchased the building, which is about 75 percent leased, from a group of investors, said Kathleen Mazzocco, a spokeswoman for Zidell. The company has no immediate plans for the building or its tenants.

Zidell also has plans to build a new, seven-story apartment building at the northwest corner of Southwest Moody Avenue and Grover Street. A design commission hearing is set for June 7 for that project.

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