Expect More... Expect Results
First Commercial Real Estate
3550 Liberty Road South, Suite 290
Salem, Oregon 97302-5622
Phone: 503.364.7400   |   Fax: 503.364.7422

First Commercial Real Estate Services (FCRES) had a busy and productive 2017 with no signs of slowing heading into the first quarter of 2018.  Some of our most notable successes include 100% lease-up of the Park Front and Vista340 office projects.  These large iconic office buildings, one new and the other remodeled, are great examples of local businesses investing in Salem and solidifying their roots in this great community.


                            Park Front  IMG 20180212 133523                          Vista340  VISTA3

Joining the Statesman Journal in Vista340 is Modern Nose, All Star Health Direct Primary Care, Mid-Valley Commercial Construction and Mid-Valley Commercial Real Estate.  Meanwhile, Park Front is in the home stretch of construction and will soon be the new home for Doneth & Sturdivant Wealth Advisors, Huggins Insurance, The Gatti Law Firm and Kuedell/Morrison Wealth Management.

Additional FCRES leasing activity includes:

  • FCRES placed CRC Health Oregon as a new tenant at 1160 Liberty Street SE for a 10-year term.
  • Olivia’s remodeled the former Shryock’s at 310-320 Court Street NE, a prime 3,634 SF corner location. FCRES represented the landlord in this 5-year lease transaction.
  • FCRES was pleased to represent Mid-Valley Behavioral Care Network in their move into 500 Hawthorne Ave. SE. They leased 4,849 SF for a 5-year term.
  • Mann Mortgage leased 3,249 SF for 5-years in FCRES’s listing at Riverside Professional Center.
  • FCRES listed 4,408 SF on the first floor of 350 Miller Street, also known as the Lighthouse Building, and it is now the new home for Liberty Spine & Pain Center.
  • FCRES represented the owner of 247 Commercial Street NE, a historic downtown first floor retail and second floor office building. FCRES was pleased to place five individual office tenants in this quaint downtown building which makes the building fully leased.
  • Eagle Industrial Park, FCRES’s listing on Indian School Road, leased approximately 6,520 SF of warehouse/assembly space to H&H Outfitters, an outdoor lifestyle apparel company for a five-year term.
  • Cascade Computer Maintenance joined McNary Square at 750 Front Street. They leased 5,113 SF for six years. FCRES represented the Landlord.
  • Another five-year term went to SCH Enterprises at an industrial warehouse/office off of the I-5 Interchange in NE Salem, approximately 9,905 SF. FCRES represented the landlord.

One feather in FCRES’s leasing cap would have to go to Terri Frohnmayer who represented Salem Health to secure a build-to-suit lease location in Woodburn at Woodburn Station. This approximately 31,000 SF medical clinic is set to open mid-2019. Click this link https://goo.gl/dmSANh to read the Woodburn Independent article on the much-needed clinic for this area.

Another feather goes to Jeff Miller who represented a tenant leasing a pad site also at Woodburn Station. Fazoli's a Quick-Serve Italian restaurant franchise with Drive-Thru, leased a pad site of approx. 3,600 SF for a 10-year term.

Of course, FCRES had sale transactions too. Some include:

  • In Dallas, Joshua Kay listed an approximate 12,138 SF former grocery store which was sold to a local buyer. Use of this building is still to be determined.
  • Also, in Dallas, FCRES represented the owner of 40.39 acres of industrial land on Monmouth Cut Off Road and Godsey Road. One parcel was sold at auction and the two remaining parcels are also being sold at auction and set to close soon. Auctions are an alternative option for sellers with hard to market properties.
  • Blum Real Estate bought and is remodeling 735 Commercial Street next to the Meridian and FCRES was the broker for the transaction. It’s been exciting to see the progress of the remodel at this highly visible location. The 1960 mid-century bones are still evident, and the completion date is set for this spring.
  • FCRES represented the buyer of an 11-unit Monmouth apartment complex on Ecols Street.
  • Third River Marketing bought the building they had been leasing at 1436 Commercial St. NE. FCRES represented the Sellers.
  • In Albany, FCRES listed 5.84 acres of Multi-Family Riverfront Land which was sold to a local developer.
  • FCRES represented a buyer who purchased an industrial property with two buildings totaling 6,527 SF on one tax lot in NE Salem on Huff Avenue.
  • In West Salem, approximately 31 net buildable acres of commercial land along the Willamette River was sold to a developer and FCRES represented the Seller.
  • FCRES listed 6.98 acres with a three-story 9,289 SF church building at 6994 Sunnyside Rd. SE. Fellowship Church is now the proud owner of this property and holding services for their congregation with room to grow. Joshua Kay represented the buyer in this transaction.
  • Another FCRES listing in West Salem of rare commercial office zoned land near the corner of 3rd Street and Patterson Avenue was sold to a local attorney for their new office.
  • 631-633 Jason Street NE, a 5,080 SF medical building on 0.62 acre was purchased by a local dentist who is currently having the building remodeled for his practice. FCRES represented the buyer.

As we look back on 2017, we are grateful for the opportunity to work with great clients and look forward to the many opportunities that 2018 brings. Ironically, when one client takes a leap of faith to transition into something new, as with Park Front, it often brings opportunities for other businesses to do the same.

The current Huggins building at 1786 State Street is a charming 5,422 SF office building that underwent major upgrades in 2012 which included new flooring, improved office design and excellent natural lighting. This spring, this office building will be available for someone to take their own leap into something new.  

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  Click HERE to see the marketing package for 1786 State Street

or click HERE to go to our website and view all of First Commercial Real Estate’s listings.