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1650 NW Naito Pkwy, Portland, OR 1750 NW Naito Pkwy, Portland, OR
Fremont Place I & II
Asset ClassOffice, Industrial, Multifamily, Senior Housing, Retail, Self Storage, Healthcare Facility
Land5.1 Acres
# Buildings: 2Square Feet: 124,817Access Data Room
Investment | Owner-User | Adaptive-Reuse | Redevelopment
overview of deal

Overview

Newmark (NMRK), as exclusive advisor, is pleased to present the opportunity to acquire the fee simple interest in Fremont Place I & II (the “Property”). Comprised of 124,817 rentable square feet across two existing office buildings, Fremont Place I & II is prominently situated on Northwest Naito Parkway along the Willamette River. The Property sits on a 5.1-acre site and is zoned EX (Central Employment), one of Portland’s most flexible zoning designations, allowing a broad range of uses including residential, commercial, hospitality, and light industrial development.

 

Currently 100% vacant with no lease encumbrances, the Property offers immediate possession and total programming flexibility – a true blank slate. With average floor plates of ± 25,000 square feet and 2.4 per 1,000 parking ratio, Fremont Place I & II provides a compelling basis for adaptive reuse, ground-up redevelopment, or a phased repositioning strategy.

 

Fremont Place I & II offers investors the opportunity to acquire two fully vacant office buildings on an irreplaceable 5.1-acre site with flexible zoning, direct Willamette River frontage, and immediate redevelopment potential in one of Portland’s most dynamic submarkets.

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Investment Highlights

  • FLEXIBLE EX ZONING - Portland’s most permissive zoning designations, allowing for a variety of uses without the need for a zoning change
  • IRREPLACEABLE WATERFRONT LOCATION - Direct Frontage on the Willamette River across a 5.1-acre site
  • DAY-ONE OCCUPANCY FOR OWNER/USERS - Fully unencumbered by existing tenancy or lease obligations, offering complete control from day one
  • EFFICIENT BUILDING INFRASTRUCTURE - Two buildings totaling ± 124,000 RSF with average floor plates of 25,000 SF and 2.4 per 1,000 SF parking ratio
  • PEARL DISTRICT ADJACENCY - Situated at the edge of one of Portland’s most vibrant neighborhoods, with walkable access to dining, retail, and public transit.
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1650 NW Naito PkwyPortland, OR 97209

Fremont Place I & II Contacts

Steven GolubchikExecutive Vice Chairman and President, Western Region Capital Markets(415) 445-5130steven.golubchik@nmrk.com
Nick KuchaVice Chairman, Pacific Northwest Capital Markets(503) 972-5522nick.kucha@nmrk.com
Ramsey DayaExecutive Vice Chairman415-399-8085ramsey.daya@nmrk.com
Chris MoritzExecutive Managing Director415-445-5184chris.moritz@nmrk.com
Travis Parrott, SIORManaging Director503-969-7230travis.parrott@nmrk.com
Josh SchweitzManaging Director503-970-0094josh.schweitz@nmrk.com

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