\n29,000-Square-Foot Office Will Sit Within the Nation\u2019s First Dual-Sport Professional Women\u2019s Performance Complex<\/p>
\nValidates Adaptive Reuse Strategy Across Workspace\u2019s Nationwide Suburban Office Portfolio<\/p>
BOCA RATON, Fla. & HILLSBORO, Ore.--(BUSINESS WIRE)--Workspace Property Management, a leading suburban commercial office property management operator, today announced that RAJ Sports, the sports investment platform for the Bhathal Family and owners and operators of the NWSL\u2019s Portland Thorns FC and the new Portland Fire WNBA franchise, signed a long-term lease expansion for its headquarters at 8760 NE Evergreen Parkway in Hillsboro, Oregon, a suburb of Portland.<\/p>
\nThe additional lease comes 14 months after a 15-year lease agreement was signed with RAJ Sports for two other office buildings and surrounding land to develop the first dual-sport professional women\u2019s performance center and practice facility for the Thorns and Fire at 3220 and 3340 NE Aloclek Drive. This new office lease will run coterminous with the adjacent practice facility lease through February 2040.<\/p>
\n\u201cWorkspace is proud to deepen our partnership with RAJ Sports, one of the most innovative and forward-thinking sports ownership groups in the country. We are excited to support the Portland Thorns and Portland Fire and transform our prime Hillsboro location into the undeniable home of women\u2019s sports in the Pacific Northwest,\u201d said Tom Rizk, CEO of Workspace Property Management.<\/p>
\nRoger Thomas, President and COO of Workspace Property Management commented, \u201cBeing a strong partner to our tenants and creating the adaptive property solutions that meet their unique needs remains our top priority. Our leasing momentum remains strong throughout our premier suburban office portfolio and we are energized by what\u2019s on our horizon.\u201d<\/p>
\n\"When we originally envisioned the Kaiser Permanente Performance Center, we were looking at roughly 60,000 square feet. We're now at 100,000 square feet and that growth reflects exactly where this organization is headed. This is a $150 million investment in the future of women's sports, and making sure our business operations team is housed within that environment wasn't just a practical decision, it was an intentional one. We want everyone building this organization, on the field and off, working side by side in a facility that sets a new standard for what women's sports infrastructure can look like,\u201d said Mike Whitehead, Managing Director of RAJ Sports.<\/p>
\nRAJ Sports remains the anchor tenant at the 12-acre Evergreen Corporate Center, which includes the historic dual-sports performance complex featuring outdoor soccer pitches and indoor basketball courts, along with two remaining office buildings. The Thorns and Fire\u2019s corporate headquarters will be positioned on the first floor of the two-story building, with the remaining 75,000 square-feet available to future tenants in need of space ranging from 9,100 to 43,000 square-feet.<\/p>
\nAn adjacent property within the center, 3310 NE Aloclek Drive offers larger blocks of space to accommodate tenants needing 45,000 to 91,000 square-feet. With Hillsboro\u2019s strong market demand, the presence of the Thorns and Fire\u2019s teams, and the property\u2019s history as a former Nike office, the site remains a highly desirable destination for businesses seeking space in the area.<\/p>
\nAbout Workspace Property Management\n \nAbout RAJ Sports\n