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Here’s a Quick Update on the W+K Building

Earlier in the Morning Stir, we linked to Stephen Foster‘s blog post that briefly mentioned the selling of W+K’s Portland HQ for $65 million, which then caused folks like George Parker to wonder if this meant the agency was closing. But like Foster himself noted, W+K is indeed staying put. Here’s a quick note the agency just sent to us that should clarify things:

“Yes in fact the W+K building was sold.  But the building was not owned by the agency.  It was owned by a group of investors.  It was sold to a real estate group who owns most of the real estate in the neighborhood.

W+K is the sole tenant and we have signed a very long term lease.  Nothing will change.  We aren’t moving!”
 

 

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