A historic, 150,040-square-foot mixed-use office and retail property in the heart of Portland’s Central Business District (CBD) has been placed on the market. Located at 720 SW Washington Street, the eight-story Morgan Building occupies 0.46 acres and is being offered on a fee-simple basis by Washington Capital. CBRE is marketing the asset, but pricing guidance is not available at this time. Originally constructed in 1913 and modernized in 2005, the Morgan Building combines classic early-20th-century architecture with upgraded building systems. Renovations between 2008 and 2010 added energy-efficient features, including a new cooling tower, high-efficiency boilers, and advanced lighting controls, earning the property LEED-Gold certification.
According to the marketing flyer, the property