A popular Portland coffee roaster has partnered with a well-known Portland real estate name to land a new home for its coffee roasting and office operations.
Nossa Familia Coffee, which launched in Portland in 2004, joined forces with Schlesinger Companies to acquire a 26,200-square-foot industrial and office building at 3530 N.W. St. Helens Rd. for $3.57 million. The structure, after a small buildout, will become home to Nossa Familia's operations in November.
The coffee company has a 10-year lease on the space and a purchase option for the building. Nossa had dropped hints about the transaction last month.
Augusto Carneiro, founder of Nossa Familia, said in a release the company's growth found him searching for a building to acquire. He found the building with his friend, Adam Sweet, owner of 2 Brothers Moving.
"We quickly realized the complexity of acquiring real estate while keeping up with the demands in our businesses," Carneiro said.
Then Carneiro connected with Schlesinger Companies, a fourth-generation Portland real estate company and owner of the Star Park parking and management company.
Zach Francis of Kidder Mathews represented the seller in the deal, while Blake St. Onge of Cresa represented the buyers.
The deal for Schlesinger Companies, which has been in business in Portland for more than 80 years, marks the start of a new course for the company. Josh Schlesinger, newly appointed president and CEO, said the transaction will be the first of many to come that finds the company acting as an active asset management company investing and managing third-party capital alongside its own.
"My family and our co-investors are delighted to partner with Augusto and his team at Nossa Familia, a vertically integrated growth business built on authenticity, social and business values resembling that of our own," he said.
The move for Nossa Familia comes at a time when the coffee company is in expansion mode. In August, Nossa Familia announced it would open four new cafes in the next six months.
Carneiro said a location at Southeast Third and Clay, presently a popup, is set to open as a cafe in mid-November. The current espresso bar at Northwest 13th and Lovejoy will become the Cloud Forest Espresso Bar in late November. A new location at 1949 S.E. Division St., called the Brazil Cafe, will open in February in the Seven Corners Community Collaborative building, which is currently under construction.
Nossa Familia also opened its CalEdison Espresso Bar in downtown Los Angeles about a month ago.
"We are humbled by the support of Portlanders who have adopted Nossa Familia as one of their favorite coffees and have helped fuel our growth," Carneiro said.
For the full story, visit: Portland Business Times
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