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Law firm is first to reserve space in new tower

By: 91视频 Staff//January 24, 2023//

Law firm is first to reserve space in new tower

91视频 Staff//January 24, 2023//

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11W, shown under construction in July 2022, occupies half a block along Southwest Washington Street, between 12th and 13th avenues. (91视频 file)

As construction wraps up on 11W in Portland鈥檚 West End, the first lease agreement for office space has been reached for the 25-story mixed-use building.

Orrick, Herrington & Sutcliffe, an international law firm, will lease 12,339 square feet, Downtown Development Group and investment firm Cresset Partners announced on Tuesday. Terms were not shared; however, the lease of the Class A space will be for more than 10 years.

Orrick will relocate from the Brewery Blocks in Portland鈥檚 Pearl District.

Turner Construction is scheduled to deliver 11W, at 1140 S.W. Washington St., in the first quarter of this year. ZGF Architects designed the building to feature ground-floor retail space, six floors of office space, and 213 apartments. An underground parking garage has 220 stalls.

Amenities include balconies, sliding glass panels that open to the outdoors, bipolar ionization and MERV 13 filtration systems for superior air quality, a state-of-the-art fitness facility, a yoga room, showers and lockers, and bicycle parking. Also, a 25th-floor commercial-grade chef鈥檚 kitchen and event space will be available for building tenants.

11W is on track to achieve a Leadership in Energy and Environmental Design platinum rating.

Colliers represented the landlord in the transaction, which closed Dec. 23, 2022. Orrick was represented by Colliers and CBRE in a collaborative effort.

鈥淭his lease is a significant milestone for the Portland market,鈥 Colliers Executive Vice President Trevor Kafoury stated in a press release. 鈥淣ot only is it the first lease signed at 11W, but it is also indicative of the continued 鈥榝light to quality鈥 trend we鈥檙e seeing among office tenants. In the post-pandemic, hybrid work environment, companies need office space that employees want to be in, making a well-designed amenity package even more important for buildings looking to secure high-quality tenants.鈥



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