Triangle Pointe

Triangle Pointe is a suburban office building southwest of Portland situated on 8.6 acres of maturely landscaped property. Located at the intersection of I-5 and Hwy-217, it sits in a prominent commercial sector known as the Tigard Triangle. This landmark building was constructed in 1968 by Farmers Insurance Group and over time has become something of an icon. The five-story cast-in-place concrete structure was a cutting edge design in its time and has about 100,000 sf of space. With great visibility, the building overlooks the highest traveled intersection in the state (250,000 vehicles per day). A unique challenge of the acquisition was the schedule imposed by Farmer's Insurance. We began negotiations in October 2008 and the purchase was completed thirty days later. Even though acquiring this property during a deep recession made leasing and financing extremely challenging, our team was able to respond to a market opportunity to add a landmark building to the portfolio.