CALL FOR OFFERS Tenant Lease Proposals at Mason Ehrman Annex Building 208 NW 5th Avenue

Prosper Portland is seeking qualified retail, office, or flex tenants to lease space in the historic Mason-Ehrman Annex Building at 208 NW 5th Avenue in Portland’s Old Town/Chinatown Cultural Historic District. The building, originally constructed in 1940 and renovated in 2017, offers approximately 9,900 rentable square feet of creative flex space on the ground floor, an additional 9,900 square feet of finished basement space, and a second floor of approximately 9,900 rentable square feet. The property includes secured bike storage, employee lockers, showers, rooftop deck access, and full seismic upgrades, and is conveniently located near the Downtown Bus Mall and MAX light rail. The space will be delivered with the building’s major systems—roof, structure, foundation, electrical, plumbing, mechanical, and HVAC—in good working order. This solicitation is a non-binding Call for Offers, not subject to public procurement rules under ORS 279a, b, or c, and requires respondents to submit a cover letter, business information package, and supporting documentation through BidLocker by the deadline of July 20, 2026. Proposers must demonstrate at least two years of operational experience in a commercial environment, be legally incorporated and doing business in Oregon, and show organizational stability and financial capacity to meet ongoing lease obligations including base rent and triple-net charges. All selected tenants must obtain commercial general liability insurance with minimum limits of $1,000,000 per occurrence and $2,000,000 aggregate, and must be willing to undergo background and credit checks on their principals. Proposals must align with Prosper Portland’s mission of equitable economic development. Base rent is subject to a 3% annual escalation on each anniversary of the lease commencement date, and the tenant will have one five-year renewal option, with renewal rent set at fair market value but no less than 110% of the prior year’s rent. Landlord will pay a 3% brokerage commission on total base rent over the initial term to the tenant’s representative. Tenants will also be responsible for their prorated share of NNN expenses. A non-binding Letter of Interest form and Statement of Interest and Qualifications are required attachments to the submission.