Tag: 432 NE 74th

Property Lease

Metro Leasing TBN Site

Portland Metro has placed the former Trinity Broadcasting Network (TBN) location up for short term lease. While Metro develops a plan to convert the site into affordable housing, they hope to generate some revenue out of the property. This listing also confirms the timeline for Metro’s proposed transformation of the property.

Listed by Colliers International, the Glisan Street property is available for one or two-year terms. The flyer for the site states that it’s “ideal uses would include schools, theater, camp, short term office requirements, nonprofit uses.”

At a lease rate of $1.00/mo/foot, this is an affordable location for a short term project. Montavilla has a good number of available storefronts, but few with this much parking. It will be a challenging listing, requiring a specific type of renter with short term goals. With some luck, they will find someone to make this space lively until it’s redevelopment.

For decades this property at 432 NE 74th Ave was closed to the public, its large parking lot sitting empty and gated off. The listing flyer offers a rare glimpse inside the building. If nothing else happens to this building before its demolition, at least the listing ends the mystery surrounding its inner workings.

Leasing Contact and additional information

Scott MacLean
503 223-3123 or scott.maclean@colliers.com

432 NE 74th-Lease2020Download

Property Sale

TBN Site Bought by Metro

The former Trinity Broadcasting Network (TBN) location, off NE Glisan, has been bought by Metro. 432 NE 74th Ave was owned by TBN for decades and remained closed to the public for most of that time. They operated the location as a broadcasting facility and, outside a few cars in the parking lot, did not have much activity at this site. However the building looks to have sold to Metro according to Portland Maps. This is a massive property, right off NE Glisan between 74th and 75th Ave. It is just over half the block.

At the moment, it is unclear what Metro has planned for this newly acquired property. It is likely they will hold onto the site for a future development opportunity. The wait should not be too long as a recent Metro Request for Proposals, 3727 On Call Property Management Services, lists “Former TBN Site 432 NE 74th Ave Portland Commercial 1.65 (acres) 19,000 (SF) Available for short term lease.” This would indicate that they will want to do something with the property in the next few years, or at least keep that option open.

Updated information about this project can be found here.