KPFF Consulting Engineers
In 2010, with roughly two years left on their existing lease at the US Bancorp Tower, KPFF Consulting Engineers wanted to secure their long-term office space requirements. With limited alternatives available, it became critical to start the evaluation process immediately.
Broker Tom Becic, who had represented KPFF for years, prepared a detailed market overview identifying existing and future space availability, considering several alternative properties. Through Tom, KPFF continued to pursue the alternatives, working through the space planning process, evaluating construction costs, estimating relocation expenses and performing a legal review of the lease. By creating a balanced negotiation, Melvin Mark was ultimately able to secure favorable terms for KPFF.
Dull Olson Weekes – IBI Group Architects, Inc.
For more than 20 years, Dull Olson Weekes Architects preferred occupying office space in historic buildings. Although they loved the classic architectural style of older properties, these spaces did not serve the changing needs of the firm. DOWA wanted a new work environment that would reflect their commitment to sustainable design and offer a more distinctive, creative work studio. These features would enable the firm to recruit and retain the best professionals and showcase DOWA’s talents to its clients.
Broker Tom Becic interviewed the firm’s key people regarding criteria for their new office facilities, which helped the principals focus on the alternatives that best accomplished their goals. Tom also researched a variety of locations and several property types, and prepared a lease vs. buy analysis.
Tom identified an ideal space in the former Federal Reserve Building in downtown Portland. The building needed a complete renovation but offered many features on DOWA’s wish list. Melvin Mark negotiated a long-term lease for 13,000 square feet.
Perkins & Co.
Perkins & Co. had occupied their space in downtown Portland’s Pacwest Building for several years. During that time, the firm’s requirements continued to evolve until 2013, when they hired Melvin Mark broker Tom Becic to help evaluate their short-term and long-term objectives. Specifically, they wanted to consolidate and expand work groups and create a work environment to last the next 10-15 years. The challenge? To accomplish this at the existing location would entail a major remodel and disruption to the firm during construction.
Because timing was critical, Melvin Mark quickly engaged the landlord in negotiations, while also researching alternative properties. A “stay vs. move” comparison was prepared that included a best-case scenario market deal for alternative buildings. Based on Tom’s analysis, the firm chose to stay in their current space. Melvin Mark negotiated an expansion and long-term lease extension for 34,000 square feet.
Yost Grube Hall Architecture
After 27 years in a downtown Class A high-rise, Yost Grube Hall Architecture sought out new office space that reflected the company’s culture and met their sustainability and collaborative values. After scouring the market, they selected the 12th floor of the Union Bank Building, owned and managed by Melvin Mark. The quality and philosophy of building management was critical to YGH when making a final decision. Melvin Mark’s extensive building renovations, use of sustainable building materials, and implementation of energy efficiency measures scored high marks as the firm evaluated its options. YGH and Melvin Mark worked together to implement the firm’s design and ensure that building systems were in concert with their vision for the space. Walls were removed where possible to maintain an open work environment. Common areas are now infused with light thanks to abundant windows and glass. Other improvements include use of environmentally friendly materials, energy efficiency solutions, and water conservation practices.