As part of its transition to the former Concordia University campus in northeast Portland, the University of Oregon Foundation is seeking to either sell or lease the White Stag Block. The property consists of a three-building campus adorned with the iconic White Stag sign, according to a marketing brochure from Colliers, which has the listing. Chris Johnson and J.T. Sand are the brokers for the property. Guidance pricing was not disclosed.
Located at 70 N.W. Couch St., the White Stag Block is located in historic Old Town, in the heart of the city’s oldest neighborhood. According to the brochure, the three historic buildings that comprise the White Stag Block have previously been renovated into a multifaceted office and classroom complex. Featuring brick and beam architecture, river and city views and abundant natural light, the 137,600 square foot property is LEED Gold Certified. Other amenities include high ceilings, freeway access, nearby parking, showers and lockers, bicycle storage and conferencing and classroom facilities.
The university’s relocation signifies the conclusion of a 15-year tenure of operations in the Old Town-Chinatown area, according to a report from the Portland Business Journal. Since 2008, the university has been conducting classes at the White Stag location, despite that its primary campus is situated in Eugene. Last year, the university purchased the former Concordia University property for $60.5 million. Prior to the closing of that sale, representatives had indicated that the university would likely make the move from the White Stag location if the deal was successful. The foundation originally acquired the White Stag property in 2015 for $42.6 million.
At the time of the sale of the former Concordia campus, representatives for the University of Oregon announced that the 19-acre, 23-building campus would be transformed into a children’s mental health center dedicated to addressing children’s behavioral and mental health crises. The campus’s existing structures and facilities including 395,346 square feet of classrooms and learning spaces, administrative offices, a 1,775-seat stadium with a baseball diamond and soccer field built in 2011, an on-site cafeteria and eating area, a library built in 2008, a 33,500-square-foot gymnasium and 513 beds of student housing will undergo renovations to support research, treatment and more.