Tag: Rhino Investments Group

Mall 205 DMV Closes Jan 31

On January 31st, the Oregon Driver and Motor Vehicles (DMV) department will permanently close its Mall 205 DMV location at 9910 SE Washington Street. In a posted notice, DMV representatives explained that finding a replacement location could take over a year. Until then, they will reassign the Mall 205 location’s 18 employees to nearby DMV offices to handle the expected increase in activity at the remaining Portland area DMV facilities.

The Mall 205 DMV opened in 2015 and is one of the only remaining interior-accessed storefronts in that complex. Rhino Investments Group purchased the shopping center in early 2022 and ended leases for a majority of tenants in March 2022. The new Mall owners are actively reconfiguring the building for larger retail clients with dedicated front entrances that do not rely on the legacy interior hallways. DMV customers accessed the office through a back entrance on the south side of the shopping mall building, which led visitors down an unmarked hallway to find their destination. One other business used the back parking lot for access during the reconfiguration. However, in May 2023, Mall 205’s 24 Hour Fitness location closed permanently, making the DMV the last tenant accessed from that side of the property.

Handwritten sign directing visitors to the back entrance for the DMV

According to the DMV’s posted closure notice, building maintenance issues prompted the department’s decision not to renew the lease at Mall 205. A Rhino spokesperson explained they worked early on to remedy heating and cooling issues experienced by the DMV and developed a 2025 plan to create a permanent solution for the space if the DMV remained a tenant. More recently, vandalism on the property interrupted the DMV unit’s water service and forced the Mall’s public restroom to close. “The majority of the recent water-related problems the DMV experienced stem from repeated break-ins from the city’s homeless population, during which copper piping was stolen, and facilities were significantly damaged. This caused intermittent service interruptions,” wrote the Rhino spokesperson in an email interview with Montavilla News. The group decided to close the public restrooms due to repeated misuse and to promote safety for people visiting the property. The common-area restrooms were leftover from the Mall’s former configuration, and the Rhino spokesperson noted the group is not obligated to provide those facilities. Each tenant in Mall 205 has dedicated restroom facilities within their units.

The DMV’s lease expires on February 28th, and despite reported months-long efforts to find a new location, they could not secure a suitable alternative and chose to close one of the DMV’s busiest offices. In 2024, the Mall 205 DMV served around 95,000 customers, updating vehicle registration and obtaining driver’s licenses or identification (ID) cards.

Mall 205 hallway leading to the DMV

This closure comes ahead of the May 7th federal requirement that everyone 18 years and older present a REAL ID, or a federally accepted alternative, to board a flight within the U.S. or to access certain federal facilities. REAL ID-compliant Oregon-issued ID cards and driver’s licenses have a star in the upper right corner. Air travelers without that indicator will need to visit the DMV soon. Individuals wanting to update to a REAL ID or use any other DMV services should use the Southeast Portland DMV at 8710 SE Powell Boulevard or another conveniently located office.

Rhino Investments Group had anticipated the DMV’s continued participation in Mall 205’s transformation to an exteriorly accessed shopping complex. “We regret that the Oregon DMV has chosen to leave Mall 205. We had already designed around the DMV premises with the Burlington lease, as we anticipated to retain the DMV at the property,” wrote the Rhino spokesperson. They now plan to renovate the former DMV office to incorporate the remaining indoor mall space into a single leasable unit with its entrance on the southern side of the building. Construction on the 1970-era Mall should begin again as the city approves permits and more tenants sign leases.

Mall 205 Sells to Investment Group

Update (March 28, 2022)- The Willamette Week published an article revealing that Mall 205’s new owners intend to renovate the interior shopping space and asked tenants to move out by the end of the month. Target and Home Depot, having already closed off their stores from the Mall portion of the building, should not suffer any disruption by this change. Many other small tenants are scrambling to find new retail locations, with some moving to Lloyd Center. Renovation plans are not yet known. However, the article references a plan to divide the traditional mall space between two new tenants.


Original article published February 1st, 2022

Last month, Gerrity Group sold Mall 205 at 10100 SE Washington Street to Rhino Investments Group. The Business Tribune reported on the $43.2 million sale, noting the new owners will consider redevelopment opportunities for the property. Target Cooperation maintains its ownership of the attached Target store building and the adjacent parking lot.

This purchase is the buyer’s second commercial property acquisition in Portland. Last summer, Rhino Investments Group bought the shopping complex Powell Villa located at 3510-3544 SE 122nd Avenue. Both retail properties are of a similar age with high occupancy rates. Although somewhat popular during their first few decades, each shopping center has declined due to competition from newer retail destinations.

Mall 205 opened in September 1970 and maintained consistent operation until the turn of the century, when it began losing big-name stores. At that point, the mall refreshed its anchors with Home Depot and Target. In July 2014, Gerrity Group bought the property for $76.5 million. That purchase price included the Plaza 205 development across SE 96th Avenue from Mall 205.

1996 Plan for Mall 205 showing shops at the time

Despite the new high-traffic anchor stores, shops inside the mall struggled to find success, with Bed Bath & Beyond recently closing its doors. Rhino Investments Group’s involvement in Mall 205 could induce the improvements this location has needed for years. The new owners likely plan new developments at the site to increase the property’s value and generate a return on their investment. That work should create a better shopping environment and a more appealing complex.


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