621 SW 5th Ave,
Portland, OR 97204
One of Downtown Portland’s most notable buildings, the Meier & Frank Building is a 208,520 rentable square foot condominium interest property. KBS is redeveloping the former Macy’s Department Store (floors 1-5) into a best-in-class, mixed-use asset encompassing street-level retail and creative office space. Floors 6-16 of the property are home to the Nines Hotel, downtown Portland’s most luxurious hotel.
The Meier & Frank Building is a 16-story, glazed terra cotta, historic structure originally headquarters of the Meier & Frank department store chain. The Property encompasses an entire city block across from the vibrant Pioneer Square and the highly successful Pioneer Place Mall. The Property is at the intersection of Downtown Portland’s aggregation of technology-office and national retail tenants. Additionally, the Property is at the epicenter of Portland’s Public Transit System with all light rail lines intersecting in front of the property.
Our affiliate, KBS Capital Markets Group is the distribution team that connects advisors and clients to KBS REIT investment products.