“Our goal is to engage the community with the type of tenants who will attract business,” said William Elliott, who has spent the better part of the past two years developing a parking lot into a $2.8-million commercial real estate investment. Elliott told The Hollywood Star News he represents the new building’s owners, Joe and Stacey Squires, who reside within ten blocks of the property.
Lyon Court can accommodate up to four new businesses that will lease the space for $26-$28 per square foot and potentially create up to three dozen new jobs in the Alameda-Irvington neighborhoods, according to Elliott. A broker since June 2008 with his family’s business, Elliot Associates, Elliott drew on the experience of a firm that began in Portland in 1981 by creating Yamhill Market, bringing the farmers’ market concept to downtown Portland.
Elliott hosted an open house in late April in the building shell to kick-start synergy between residents and businesses. The announcement posted on the front door invited the community to the celebration in appreciation for their patience with construction inconveniences.
When asked about the quality of his relationship with neighborhood associations, he responded, “Very positive: I couldn’t ask for a better situation.” Elliott also lauded the designer for keeping the building true to the historical feeling of the neighboring structures. Architects for the building were the Mildren Design Group, PC of Tigard. Bremik Construction of Portland was the general contractor.
Elliot said he would work with new tenants this summer to build interior facilities to meet their needs. Three of the businesses will have two-door access, and there is also a second level for about one-third of the building.