Deckers Brands to Occupy New Space in the Canvas Office Building

Portland, Ore; May 15, 2024 – Urban Renaissance Group (www.urbanrengroup.com) (URG) and Security Properties (www.securityproperties.com) today announced that Deckers Brands, a global leader in designing, marketing, and distributing innovative footwear, apparel, and accessories including the HOKA® brand, has signed a lease for new office space in the Canvas office building, in the Press Blocks development, owned by Invesco Real Estate, a global real estate investment manager.

Deckers Brands, which maintains its U.S. headquarters in Goleta, Calif., will occupy new space in the Canvas office building to support its HOKA® brand. HOKA® is one of the fastest-growing performance footwear and apparel brands in history.

“We are excited to be a part of this building in Portland’s Stadium District to provide our teams with an inspiring space to support our exceptional brand culture and commitment to excellence,” said Robin Green, President of HOKA.

“The unique and evolving Stadium District is a tremendous draw for tenants, with proximity to Providence Park, the Multnomah Athletic Club and the Lincoln High School and great transit access, along with the building’s great onsite amenities,” said Tom Kilbane, URG’s Managing Director for Portland.

Jake Lancaster and Andrew Rosengarten of Jones Lang LaSalle represented the building ownership.

Canvas is First Building of the Two-Phase, Three Building Press Blocks Development

Canvas represents the first phase in the URG/SP two-phase, three-building Press Blocks development, located on the former site of The Oregonian newspaper’s printing facility. The second phase of the project will include a 23-story, 342-unit residential tower and a 30,000 sq. ft. commercial building with creative office space and street level retail. It will also include an outdoor public plaza in the southwest corner of the site.

Additional features and amenities at Canvas at Press Blocks include:

• Efficient, Open Floor Plates. With an emphasis on connecting to everything in and around Portland while complementing the Stadium District neighborhood culture, Canvas features generous 19,000 sq. ft. floor plates. The seventh floor features a private 1,000 sq. ft. covered deck with sliding glass doors and 270-degree views of the neighborhood.
• Ground Floor Retail. The Canvas building also provides an opportunity for 4,500+ sq. ft. of ground-floor retail, which features 20-foot ceilings and outdoor dining options.
• Rooftop at Canvas. The building rooftop includes a 1,000 sq. ft. enclosed penthouse/event space and a 1,700 sq. ft. rooftop deck with panoramic views across the West Hills neighborhood, Providence Park Stadium, downtown Portland and north to the St. John’s Bridge. Migration Brewing has operated a popular “pop-up” tap room on the rooftop during the summer months and just opened May 9 for this summer’s season. The penthouse is also available to building tenants for private events.
• Bike/Shower/Locker Room. The bike-friendly building includes a ground-floor bike hub with designated bike entrance for cyclists, secure bike parking spaces, lockers, a bicycle repair station and showers with changing facilities.
• Eco-Friendly Design. With numerous eco-friendly elements, Canvas at Press Blocks is also slated to achieve the U.S. Green Building Council’s prestigious LEED Gold certification—recognizing the building’s green features such as energy and resource efficiency that reduce stress on the environment and create a healthier, more productive workplace.

Canvas at Press Blocks also features a compelling art program with art by local and regional artists, including a large oil painting on canvas from California-based abstract artist Jane Burton, selected for the vibrant energy it brings to the space. Custom metalwork from Portland artist Kay Sims, which was inspired by the site’s history and printing presses, is also included.

Additionally, a mosaic of Mt. Hood hangs on the building’s Bike Room wall and was procured in partnership with the Portland non-profit Portland Street Art Alliance and Portland artist and muralist Sara Farahat.

Stadium District/Goose Hollow: An Evolving Urban Neighborhood

Anchored by Providence Park—the home to Portland’s Major League Soccer team, the Portland Timbers, and Portland’s National Women’s Soccer League team, the Portland Thorns FC—and located on the MAX line’s Providence Park transit station, the Stadium District/Goose Hollow neighborhood is poised to become one of Portland’s most dynamic urban neighborhoods.

With walkable adjacencies to Portland’s popular Pearl District, thriving NW 23rd Avenue (Alphabet District) and the historic West End, the neighborhood is supported by nearly $1 billion in recent investments. More than 1,600 units of housing are under construction or recently delivered; 160,000 sq. ft. of commercial space is open or slated; and PPS has recently completed a $245 million rebuild of Lincoln High School. Canvas at Press Blocks is a further catalyst to the neighborhood’s evolution.

Unique Partnership Yields Experienced Local Project Team

Developed as a joint venture between Urban Renaissance Group LLC, Security Properties and Invesco Real Estate, the project team for Canvas at Press Blocks included Lease Crutcher Lewis (general contractor), GBD Architects (architect and interior designer), Mithun (landscape architecture), KPFF Consulting (structural engineer) and HHPR (civil engineer).

Currently, Urban Renaissance Group has eight properties under management in Portland, with two in active development and/or redevelopment, including Phase II of the Press Blocks project and the redevelopment of the Lloyd Center site.

For office leasing inquiries, interested parties can contact Jake Lancaster (jake.lancaster@am.jll.com) or Andrew Rosengarten (andrew.rosengarten@am.jll.com) at Jones Lange LaSalle (JLL) and for retail leasing inquiries, contact Kathleen Healy (kathleen@cra.com) or Ashley Heichelbech (ashley@cra-nw.com) at Commercial Realty Advisors.

More information can also be found at the project website at www.pressblocks.com

About Urban Renaissance Group.

Urban Renaissance Group LLC is a Seattle-based full-service commercial real estate company, engaged in acquisitions, development, asset management, leasing, property management and ownership in Seattle, Bellevue, Denver and Portland. Founded in 2006, the strategic premise of URG is that the form of the American City is changing dramatically; the company acts as a catalyst that understands and ignites that change, thereby building community, generating appropriate returns for its investors and opportunities for its partners and employees. Learn more at www.urbanrengroup.com.

About Security Properties.

Security Properties is a national real estate investment, development, and operating company headquartered in Seattle. For more than 45 years, Security Properties has provided quality housing to its residents as well as excellent financial performance for its investors. Since its founding, Security Properties has acquired or developed more than 66,500 residential units at a cost of over $3.35 billion. Security Properties maintains a focused multi-family strategy supported by integrated teams of professional acquisition, development, construction, investment, and property management specialists. For more information, visit www.securityproperties.com.

About Invesco Real Estate.

Invesco Real Estate is a global leader in the real estate investment management business with $86.7 billion in real estate assets under management, 614 employees and 21 regional offices across the U.S., Europe and Asia (as of December 31, 2023). Invesco Real Estate was established in 1983 and today invests across the risk return spectrum, from core to opportunistic; in equity and debt; listed and direct; locally and globally. Invesco Real Estate is a business name of Invesco Advisers, Inc., an indirect, wholly owned subsidiary of Invesco Ltd. Invesco Ltd. is an independent investment management firm dedicated to delivering an investment experience that helps people get more out of life. NYSE: IVZ; http://www.invesco.com/realestate.