Lloyd Center to undergo major renovation, leasing broker named

Portland, Ore. -- X Team International announced that Oregon-based partner New & Neville has been retained by CAPREF Lloyd Center, LLC as the broker for leasing of the Lloyd Center during and following its renovation.

Lloyd Center, a 1.28 million-sq.-ft. mall located in Portland, Oregon, and anchored by Macy’s, Sears, Ross Dress for Less, Barnes & Noble and Marshalls, currently has 130,000 sq. ft. of vacancy that was formerly home to Nordstrom. CAPREF’s renovation plans for the vacant department store include new store formats, a spiral staircase, a slightly smaller ice rink and added storefronts on the new main entrance fronting Multnomah Street. New & Neville has been retained to fill these new spaces with a variety of tenants, including local specialty boutiques, exercise studios and restaurants to complement the mall’s new look.

“We are proud to be part of such a unique project that will enhance and breathe new life into this longstanding mall,” said Steven J. Neville. “The community is comprised of so many exciting local concepts and we look forward to highlighting that in this mall as we integrate more local and regional retailers and restaurants with the existing national brands.”

Construction on the 130,000-sq.-ft. renovation is slated to begin in March and is expected to last 18 months.