ICONIC PORTLAND LANDMARK SOLD
Commercial Integrity NW and its Principal Advisor, Justin Poor recently represented The McCormick and Schmick families, two well-known household names in the Portland Community on a landmark sale. The Iconic and historical mixed-use property located in Downtown’s West End, is home to Jake’s Famous Crawfish Restaurant, the Maurice Dear, and the Whitney Gray Apartment communities.
After a strong marketing effort that produced solid interest from both local and out-of-state investors, the generational asset was ultimately acquired by an out-of-state family trust.
Fondly known as ‘Jakes’, The asset encompasses two, four-story buildings totaling more than 48,000 SF and sitting on nearly ¼ acre of ground in one of Downtown Portland’s most desirable areas. This mixed-use investment property is an early example of Portland’s modern dedication to building community by combining Multi-Family Residential + street-level Restaurant and retail space in its urban core.
The buildings together share one of Portland’s most famous and beloved destinations. The famous Jakes Crawfish is celebrating more than 127 years as the city’s second oldest restaurant, a tradition the investor plans to keep alive and ongoing.
Whether you are a first-time buyer, a seasoned investor, or are in need of leasing support, Commercial Integrity creates a tailored experience to suit your specific real estate needs. CI’s driving mission to build and sustain legacy portfolios for its clients through sourcing exclusive opportunities, identifying rare assets, and generating qualified tenants is what separates CI from its competitors.
Commercial Integrity NW is a Commercial Real Estate Investment Advisory Company focused on the strength and simplicity of integrity that is often overlooked in a transactional world. CINW strives to combine true integrity with over twenty-plus years of unmatched sales and advisory experience while prioritizing the responsibility to do right. This is accomplished through investment sales, leasing, and advisory services with a synergistic approach.
This sale was mentioned in the Portland Business Journal Here .
This opportunity has closed. If you are looking for Investment or lease opportunities similar to this asset contact our Advisors today.