Overton

Meriwether acquired Overton in August 2014 in an off-market transaction. The property encompasses a full city block (40,000 square feet) located on the north side of Portland’s Pearl District at NW Overton Street and NW 14th Avenue. The improvements include three single-story structures containing 44,000 square feet. The prior owner substantially improved the buildings and converted the use from industrial to creative office and event space. The buildings feature high ceilings with exposed trusses, open floor plans, and abundant natural light creating a highly desirable modern environment for creative office tenants. At acquisition, the property was 95% leased.