Chuck Slothower//May 29, 2025//
A law firm has signed a lease for a 15,610-square-foot office space in a downtown Portland tower.
Lindsay Hart LLP agreed to terms for space on the 27th floor of the Standard Insurance Center, at 900 S.W. Fifth Ave. The firm will relocate from another downtown tower, the Wells Fargo Center, in November, according to a news release from CBRE, which represented the landlord, Standard Insurance Co.
“This transaction highlights an encouraging trend of leasing activity in downtown Portland,” stated Kevin Kaufman, first vice president at CBRE. “This agreement reflects the growing momentum in Portland’s central business district and the appeal of high-quality office spaces in the area.”
Kaufman and Joe Beehler secured the Lindsay Hart deal for CBRE. Lindsay Hart was represented by JLL‘s Eric Haskins.
Built in 1968, the full-block Standard Insurance Center is among the largest buildings in Portland, with approximately 460,000 square feet in 27 stories.
Law firms and other professional service providers have been stalwart users of downtown office space, which remains mired in a steep downturn.
Davis Wright Tremaine and Fisher Phillips anchor the office space at Block 216, the new tower owned by BPM Real Estate. Miller Nash was among the first tenants at Eleven West, another relatively new building from Downtown Development Group.
Architecture firms have embraced downtown. SERA Architects moved into 42,000 square feet in the Galleria building in 2022. And Populous, a major international firm, will move its Portland group into an as-yet unidentified downtown building in the fall.
In a shift, downtown offices are now attracting more tenants than are the suburbs, according to CBRE. In the first quarter of 2025, downtown Portland office buildings secured more leasing volume for spaces 5,000 square feet and larger than suburban office buildings did.