Liberty Mutual downsizes from Portland to smaller space in Lake Oswego
The insurance company Liberty Mutual is downsizing from its current Liberty Centre location near Lloyd Center in Portland to a spot next to Kruse Way in Lake Oswego.
As first reported by Willamette Week, the company plans to end its lease at the 97,500-square-foot Portland location at the end of 2022 and start moving employees into the 11,800-square-foot space at 5 Centerpointe Drive in early 2023.
Liberty Mutual representative Glenn Greenberg wrote via email that the shift toward more employees working from home since the beginning of the pandemic was a cause for the change. The current space, built in 1997, was designed for over 500 employees working on site, according to Greenberg.
"Due to COVID and the ensuing transition of many employees to a permanent work-from-home or hybrid work arrangement, we are taking the opportunity to right-size our local footprint and relocate to a smaller space in Lake Oswego," he wrote.
The new space can fit over 150 employees, Greenberg added, but many of them will have flexible work arrangements.
"Another 380 Portland office employees transitioned to a permanent work-from-home environment in the aftermath of COVID," Greenberg said.
The Lake Oswego location will house the commercial insurance claims operations team. The Centerpointe Drive site will be the insurance company's second in town, as they already have a sales office at 4949 Meadows Road. Liberty Mutual's headquarters is in Boston.
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