Newmark Tapped to Lease Office Space at Portland Mixed-Use Asset

5 MLK

Newmark has been appointed to lease more than 115,000 square feet of office space at 5 MLK, a mixed-use property in Portland, Ore. Executive Vice President & Managing Director Dave Squire, Director Travis Parrott, and Associate Director Michael Goetz will be marketing the space on behalf of owner The Green Cities Co.

Located at 5 SE Martin Luther King Jr. Blvd., the 17-story, 720,106-square-foot property encompasses four floors of Class A office space available for lease, 220 rental units spread across 11 floors, and 15,000 square feet of retail space. The building’s amenities package includes a business center, a fitness center, lockers and a yoga studio, a lounge, a conference room, a swimming pool, as well as indoor and outdoor common areas. Additionally, the mixed-use asset also features 180 parking spots and electric vehicle charging stations, according to CommercialEdge data.

Situated on a 1.4-acre lot in Portland’s Central Eastside neighborhood, 5 MLK is across Willamette River and the historic Burnside Bridge, roughly 2 miles from downtown Portland and within 10 miles of Portland International Airport.

Designed with health and wellness in mind

Built in 2021, GREC Architects designed 5 MLK with a focus on biophilic elements and sustainable features, supporting its occupants’ health and wellness needs. The LEED Gold certified property is the first mixed-use building in the country to achieve Fitwel certification.

In a prepared statement, Parrott mentioned that 5 MLK will likely benefit from the ongoing flight-to-quality trend among office users.