Tanasbourne Commons is located at 17933 NW Evergreen Place in Beaverton and is visible from Highway 26. The four-story office building is 60,115 SF. Amenities include ample parking, a spacious and modern lobby, a large boardroom, fitness center, and locker room. You can take a virtual tour of the building at https://youtu.be/_fu1Ovwm5w0.
The tenant had leased an office space a short drive away from Tanasbourne Commons for twelve years prior to moving. The motivation to move was based on new ownership at the previous location that wanted an increase in rent. Tanasbourne is a class B+ space and was able to deliver at a very competitive price point.
Opportunities and Challenges
There is an abundance of inventory in the Beaverton Hillsboro submarket. Tanasbourne Commons had to compete to attract this tenant. Remember, this lease was executed during the Covid pandemic.
Solution and Outcome
Tanasbourne Commons is located within a couple of miles from the previous location which was ideal. One of their requirements was close to 9,000 SF of contiguous space with freeway ramp access at a competitive price. The tenant signed a seven-year lease for three contiguous office spaces for a total of 8,869 SF of space.
SVN Bluestone and Hockley Senior Advisor Stacey Looney represented the landlord on the deal. You can reach her at 503-459-4387 or firstname.lastname@example.org.
You can view properties for sale or lease at https://www.svnbluestone.com/search-properties/.