91视频

A Portland-based real estate and development firm announced Friday that it has purchased a portion of a Class A high-rise in the Central Business District.

ScanlanKemperBard bought 19 stories of office space in the 34-story KOIN Center in downtown Portland for $88 million ($250 per square foot), according to a news release. The building has 15 other stories 鈥� including high-end condominiums and the local CBS television affiliate 鈥� owned separately.

SKB plans to invest $4.3 million to renovate the main lobby, bike locker area, elevator lobbies and restrooms. The company also plans to create 鈥渨hite-shell spec suites鈥� with open floor plans.

鈥淲e’re going to gut the space and either let the tenants build it out or do it for them,鈥� SKB President and principal Todd Gooding said. 鈥淲e’ll be doing build-to-suit work for prospective tenants.鈥�

Gooding said that SKB is in the process of finalizing architect selection for improvements to common areas and hopes to be under construction by the end of 2015. Some improvements will need to go before the city for design review because SKB plans to alter the building entrance, Gooding said.

鈥淭he upgrades will improve the property’s overall appeal and position the KOIN Center to improve its tenant base,鈥� said Kurt Nelson, SKB’s senior vice president of acquisitions, who headed the purchase team.

The office tower has 253,023 square feet of office and retail space with 20,000 square feet per floor. At the time of the sale the property was 84 percent leased.

Friday’s announcement accompanied news that SKB on Jan. 21 spent $91.5 million to buy the Greenwood Corporate Plaza in Greenwood Village, Colo. The plaza is a six-building, Class B office campus with 619,788 square feet.

The KOIN Center purchase is the second major downtown Portland acquisition by SKB. In November, the firm purchased the 12-story U.S. Bank Block building at 309 S.W. Sixth Ave. for $40 million.