Newmark, as exclusive advisor, is pleased to present to qualified investors the opportunity to acquire the fee simple interest in 1631 Thurman (the “property”) – a creative brick and beam redeveloped office building rich in history with direct access to the amenity rich submarkets of the Pearl District and Slabtown in NW Portland. The property is anchored by Weir Esco Group who occupies 78% of the rentable square footage and has a deep rooted history in NW Portland.

Originally built in 1908 by the Spokane, Portland & Seattle (SP&S) Railroad during the expansion boom that reshaped Northwest Portland, 1631 Thurman was conceived as a freight warehouse with Richardsonian Romanesque design elements. Quickly becoming an integral part of the neighborhood’s economic landscape, it served as the home of Clyde Equipment Company from 1919 to 1982, supplying logging, mining, and construction machinery to support Oregon’s thriving natural resource industries. Over the decades, it adapted to shifting economic needs while preserving its authentic character—evident in the heavy timber frames, exposed brick walls, and old-growth timber beams. Recognized for its architectural and historical significance with a listing on the National Register of Historic Places in 1996, 1631 Thurman now stands as a testament to Portland’s industrious past and offers a rare chance to own a piece of the city’s rich commercial heritage.

1631 Thurman offers durable cash flow with no leasing risk through 2033 at an attractive yield anchored by one of Portland’s most iconic industrial pioneers.