Mincheff & Mincheff Investments engaged Ethos Commercial Advisors to oversee the sale of a two-building creative office portfolio at 537 SE Ash Street and 532 SE Ankeny Street in Portland, Oregon. Ethos identified value-add potential through improved lease rates and optimized lease terms.
To support the investment thesis, Ethos assumed leasing responsibilities and partnered with ownership on a project rebrand, ultimately securing a top-of-market lease that confirmed over 50% rental upside on the remaining vacancy. A facilities audit also resulted in an 8% increase in rentable square footage through remeasurement.
Ethos executed a structured sales process that reached more than 1,500 qualified investors and yielded ten written offers. By strategically leveraging buyer interest, Ethos orchestrated a competitive bidding environment that drove the final sale price 12% above the initial offer range.
Ethos Services
Associated Team Members
- Josh Bean, SIOR
- Executive Managing Director, Partner
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- Brian Hanson, MREF
- Senior Managing Director, Partner
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