Report: Microsoft leases 85,000 square feet in Hillsboro
Microsoft Corp. has reportedly signed a lease for an 85,000-square-foot building in Hillsboro.
The Redmond, Washington-based tech giant's lease is for the Ambercreek Building, located at 9800 N.E. Gibbs Drive.
The Portland Business Journal originally reported Microsoft's lease in Hillsboro in late December.
The company has long been searching for space in the Portland metropolitan area for its cloud division, the Portland Business Journal has also reported.
Pamplin Media Group has reached out to Microsoft for comment.
Microsoft doesn't have an active business license in Hillsboro, a city spokesperson said.
Marketing materials for the Ambercreek Building say it has been on the market for four months and highlight its access to public transit, outdoor spaces and Highway 26.
Although a recent report by the real estate firm JLL Capital Markets says the coronavirus pandemic has caused a rapid decline in Portland-area office space, it noted that Microsoft's lease highlights Portland's potential for growth in the tech sector.
JLL's report didn't include details about Microsoft's lease in Hillsboro.
About 15% of Portland-area office space is currently vacant, JLL says, though there have been "substantial" leases signed across the region.
The Microsoft deal and others in the area "highlighted the metro's position as a competitive alternative to its larger West Coast neighbors, which are experiencing a comparatively worse fallout from the pandemic."
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