Kidder Mathews is pleased to announce the successful lease of 18,967 square feet with Ubiquiti Inc. at ASPECT on Sixth, located at 400 SW 6th Avenue in Portland, Oregon. Ubiquiti, a global technology company known for its networking products, is leasing the space from New York Life Real Estate Investors (“NYLREI”). Kidder Mathews brokers Sean McCarthy, Brandon O’Leary, and Grant GuernseyGrant Guernsey are managing the leasing at the Class A office tower and represented NYLREI in the transaction.
ASPECT on Sixth is an 11-story building with full-floor office layouts, floor-to-ceiling windows, and modern amenities including a tenant lounge, conference room and training facilities, bike storage, state-of-the-art fitness center, and the newly added 40lbs Café + Bar.
“This transaction demonstrates the resurgence of the Portland office market,” said McCarthy. “Ubiquiti’s decision to occupy a full floor highlights the demand for quality office space in a market that is still rebounding from the pandemic.”
“We are very excited to welcome Ubiquiti to ASPECT on Sixth,” said Thomas Hwang, New York Life’s head of asset management for the West Region. “This was a relatively quick deal from the initial meetings between the principals, negotiating the lease and to execution. We were both motivated to transact this lease and recognized the mutual benefits for both parties.”
For more information on ASPECT on Sixth or to inquire about available spaces, please contact Kidder Mathews or visit aspectportland.com.
About New York Life Real Estate Investors
ASPECT on Sixth is owned by the New York Life Insurance Company and managed by New York Life Real Estate Investors (“NYLREI”), a wholly owned subsidiary of New York Life Investors. NYLREI’s portfolio consists of over $66 billion of debt, equity and securities investments spanning 40 states and over 150 markets. NYLREI’s highly interconnected real estate investment strategies are staffed by over 180 professionals in five U.S. regional offices.
About Kidder Mathews
Kidder Mathews is the largest fully independent commercial real estate firm in the Western U.S., with over 900 professionals in 19 offices across Washington, Oregon, California, Idaho, Nevada, and Arizona. We offer a complete range of brokerage, appraisal, asset services, consulting, and debt & equity finance services for all property types. Kidder Mathews averages over $10 billion in transaction volume, manages more than 57 million square feet of space, and conducts 2,600 appraisal, consulting, and cost segregation assignments annually. For more information, visit kidder.com.
