Central City Concern to Acquire 160,000 SQFT Everett Building in Portland’s Old Town

Homeless services nonprofit strikes lease-to-own deal with NWEA for seven-story property long left vacant

Portland’s nonprofit sector is seeing a shift in how organizations approach their long-term real estate strategies, with Central City Concern’s planned acquisition of the Everett Building in Old Town Chinatown serving as a recent example of this trend. The homeless services nonprofit has entered into a lease-to-own agreement for the seven-story building at 121 N.W. Everett Street, according to the Portland Business Journal. The 160,000-square-foot property, which has sat largely vacant since 2023, will become the consolidated home for several of Central City Concern’s administrative operations starting this December.

Central City Concern, one of Oregon’s largest nonprofits with $186