200 Market Attracts Another Law Firm Tenant
Jackson Lewis inked a 6K SF lease at 200 Market, joining a number of other law firms that have moved into the building in recent years, marking an expansion into the market for the workplace law specialist.
The deal is an example of an older property — retrofitted with newer amenities — attracting high-quality tenants. Between SW 2nd and 3rd streets and originally developed in 1973, the 400K SF 200 Market is one of the largest office buildings in Oregon. Russell Development completed a $25M reconstruction of the building in 1990 following its acquisition of the asset.
More recently, ownership installed new on-site amenities, including bocce ball courts and a major upgrade on the outdoor terrace area, which will open soon. The building is co-managed by Russell Development Co. and Cushman & Wakefield, both of which have offices on-site.
“Jackson Lewis’ expansion comes during a time when many other law firms around the country are downsizing their real estate footprints as they look to do more with less space,” Cushman & Wakefield executive director Tom Usher said. “This national law firm’s local expansion speaks to the vitality of Portland.”
On the 2015 Global 100 survey, Jackson Lewis ranked as the 93rd highest-grossing law firm in the world.
Usher, along with Adam McCostlin and Brian Wyatt of the firm’s Chicago and Baltimore offices, repped the tenant.