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Portland, Oregon, Office Icon Trades for $222 Million Discount

Menashe Properties Continues Buying Spree of Dramatically Reduced Offices
The Montgomery Park office property at 2701 NW Vaughn St. dates back to 1921. (CoStar)
The Montgomery Park office property at 2701 NW Vaughn St. dates back to 1921. (CoStar)
By Aaron Tamblyn
CoStar Research
August 19, 2024 | 4:29 P.M.

Menashe Properties, a commercial real estate owner and operator, has acquired Montgomery Park, the third largest office building in Portland, Oregon, for $33 million — a stunning reduction from its previous sales price.

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