Portland, Ore. (February 12, 2015) - In one of the largest office deals in Portland of 2014, CLEAResult -
a leading provider of energy efficiency programs and services - has expanded its local operations by leasing 101,848 square feet of Class A office space located in the First & Main building at 100 SW Main Street in Portland, Oregon. Kevin Joshi, a senior vice president with Kidder Mathews, represented CLEAResult in their negotiations with the landlord, American Assets Trust.
"We are excited to announce a new lease agreement for just over 100,000 square feet of office space in the First & Main building in Portland," said Phil Welker, vice president of new product development at CLEAResult. "As CLEAResult seeks to better serve the Portland area, this new space will allow us to bring our team of energy efficiency experts together under one roof as we continue to grow and work together to change the way people use energy."
Based out of Austin, Texas, with offices in more than 40 cities in the U.S. and Canada, CLEAResult's expansion to Portland mirrors other large, out-of-area companies. This transaction reaffirms interest by companies headquartered outside of Portland to locate and grow a substantial office presence in Portland's downtown submarket.
"Companies value Portland, not only for its labor pool and relatively low cost of doing business, but for the high quality of life and vibrant atmosphere," said Joshi. "We expect more companies outside of Portland to continue this trend."
CLEAResult designs and implements technology-enabled energy efficiency programs for utilities, governments, schools and businesses, helping them make the wise use of energy a way of life. The decision to consolidate CLEAResult's local operations by opening a new office in Portland, demonstrates growth in sustainable companies in the area.
About Kidder Mathews
Kidder Mathews is one of the largest independently owned commercial real estate firms on the West Coast, with over 450 real estate professionals and staff in 10 offices in Washington, Oregon, and California. Kidder Mathews offers a complete range of brokerage, appraisal, property management, consulting, sustainability, and project and construction management services for all property types. The firm performs $3.2 billion in transactions, manages 30 million square feet of space, and conducts 1,300 appraisals annually. For more information, visit www.kiddermathews.com.