One of the Liberty Centre’s two major tenants has determined that remaining in their existing space is the best course of action after considering relocation. Choosing to expand into additional space at the Liberty Centre, Knowledge Universe is re-establishing itself as a major employer in the area, where they currently employ more than 400 people.
"Knowledge Universe’s decision to keep 400 jobs here is further proof that the Lloyd District is fast becoming another hotbed of growth for Portland’s economy," commented City of Portland Commissioner Nick Fish.
In recommitting to Portland, Knowledge Universe will be not only renewing its 79,971-square-foot space on floors 11-15 for ten more years, but will also be expanding into an additional 23,810 square feet of sublet space on the 9th and 10th floors. The direct and sublet deals represent a total recommitment to the Lloyd District submarket of 103,781 square feet, meaning that Knowledge Universe will be in slightly more than one-third of Liberty Centre’s total space. The other major tenant in the Liberty Centre is Liberty Northwest Insurance Corporation.
Located at 650 NE Holladay St., Liberty Centre towers 17 stories above Multnomah County. It is LEED Silver certified and Energy Star rated, and boosts numerous amenities including on-site management, 24-hour access, and proximity to a MAX Station, the Convention Center, and Holladay Park.
Knowledge Universe is a global education company that employs more than 30,000 teachers internationally and maintains a network of more than 2,000 education locations around the world. Their primary focus is on early childhood education, primary and secondary education, and higher education. Knowledge Universe has been in the Portland area since 1998, and owns brands such as KinderCare, Cambridge Schools, Champions, and CCLC.
Matthew Bassist of Langley Investment Properties represented the landlord, The Ashforth Company. James "Buzz" Ellis and Eric Haskins of JLL represented Knowledge Universe.