Northmarq presents the opportunity to acquire Marketplace 205, a ready-to-go redevelopment project in Portland’s Gateway District at the intersection of I-84 and I-205. The former interior mall has been mostly gutted to make way for future tenants. Signed leases with Burlington and Urban Air will kick off future leasing momentum and allow a new owner to finish the vision of this project at an incredibly low basis. The Property is sandwiched between high-performing anchors in Home Depot and Target. Home Depot ranks in the 87th percentile nationally for visits (Placer.AI), reinforcing the property’s strong consumer draw. Additionally, the surrounding area has a dense residential base, with over 448,000 residents within five miles earning an average household income of $116,000. Traffic counts on the combined freeways exceed 300,000 daily. Current ownership has undertaken an extensive transformation, converting the former mall into a modern power center layout, removing all interior corridors, adding over 35,000 SF of new GLA. The parcel map has recently been completed to allow separate parcelization. The Home Depot parcel may potentially be available for purchase as well. Please contact the listing team for up-to-date details.