WebTrends Looks to Consolidate Offices

PORTLAND, OR-WebTrends wants to consolidate its operations into a single office building. The locally headquartered software firm has retained local Cresa Partners principals Craig Reinhart and Chris Elsenbach to find them between 50,000 sf and 60,000 sf.

The company already leases about 70,000 sf of space, but its spread between two adjacent Downtown buildings and about 16,000 sf is subleased to other companies. Those leases–about 40,000 sf in Fox Tower and about 29,000 at Pacific First Center–expire at the end of next year.

Reinhart tells GlobeSt.com that he’s about a week away from entering the market in search of the right space on the right terms. Not wanting to restrict any potential offers for his client, Reinhart was appropriately vague about whether WebTrends really wants to stay in the CBD or is inclined to venture out into the suburbs.

Webtrends CEO Greg Drew tells GlobeSt.com he’s going to seriously consider a move to the suburbs, which presents the potential to both lower its lease costs and put the company on a single floor. Then again, he says, “We love the energy of Downtown.”