THE STANDARD AND NORRIS & STEVENS FORGE NEW ALLIANCE
PORTLAND, OR (March 13, 2015) — Standard Insurance Company (“The Standard”) is pleased to announce the selection of Norris & Stevens, Inc. as leasing agents for The Standard’s properties located in Portland’s Central Business District including the Standard Insurance Center, located at 900 SW 5th Avenue and Standard Plaza, located at 1100 SW 6th Avenue and Stonemill Business Park, located in Vancouver, Washington. Norris & Stevens will manage the Stonemill property as well. Additionally, as part of the new alliance, Norris & Stevens will move their headquarters to occupy one full floor in the Standard Insurance Center.
“Norris & Stevens has successfully performed for us on several assignments during the last few years and we believe this is a logical next step in our working relationship,” says Mark Fisher, vice president & managing director of StanCorp Mortgage Investors, LLC. “We are excited to have them move into the Center, joining the list of exceptional companies at this prominent address.”
Standard Insurance Center is an iconic, 28-story high-rise office tower built in 1971, containing 457,343 rentable square feet, and home to Standard Insurance Company, Stoel Rives, LLP, Wells Fargo Bank, Glumac and Fidelity National Title Company of Oregon, among others. Standard Plaza is a 17-story, LEED Gold property built in 1963 containing 217,897 rentable square feet. The Standard occupies the majority of the Plaza. Stonemill Business Park is a two-building, 116,511 rentable square foot office project located in the Cascade Park Submarket of Vancouver, Washington.
“We are excited for the opportunity to further our relationship with The Standard, and to be selected to market these Class A institutional-quality properties within Portland’s Central Business District,” says Timothy Mitchell, president of Norris & Stevens. “Additionally, we are thrilled to be relocating our corporate headquarters to the 17th floor of the Center, creating a showcase build-out for the marketing of the space made available by the relocation of Stoel Rives, LLP in mid-2016.”
Duane Link, senior broker of Office Properties, will lead the downtown leasing effort for Norris & Stevens. Timothy Pfeiffer, broker, Office Properties, will handle the Vancouver assignment for Norris & Stevens, and Loyda Timmins will manage the Vancouver property.
About The Standard
The Standard is a leading provider of financial products and services, including retirement plan products and services, group and individual disability insurance, group life and accidental death and dismemberment insurance, group dental and vision insurance, absence management services, individual annuities and investment advisory services. For more information about The Standard, visit www.standard.com.
About Norris & Stevens, Inc.
Norris & Stevens, Inc., is one of the largest locally-owned, full-service commercial real estate brokerage firms in Oregon and SW Washington. A member of the TCN Worldwide network, the firm was founded in 1966 and currently employs around 75 professionals in investment sales, leasing and property management for office, industrial, retail, land, and multi-family properties. The firm’s property management portfolio exceeds 5 million square feet of commercial space and 9,000 apartment units. For more information about Norris & Stevens, visit www.norris-stevens.com.
