What Oregon Heritage Developments, Inc. does

Oregon Heritage Developments, Inc. (legal entity: Pac-Hill Limited Partnership) is a private commercial real estate holding and operating company headquartered in Portland, Oregon. It owns and operates the Pacific Building, a 520 SW Yamhill Street historic office property completed in 1926 and designed by A.E. Doyle with Pietro Belluschi. The building is listed on the US National Register of Historic Places and carries LEED certification. Leadership comprises Doug Lilley as Partner and Building Operations Manager, and Charles Lilley as General Managing Partner.

The company's core product is commercial office space leasing, with available units spanning retail space (2,464 SF) and office suites ranging from under 100 SF to 13,602 SF, including customizable full-floor configurations (Suite 200, Suite 750) and specialty spaces such as the Roof Garden Suite. Tenant-facing technology includes a building-wide electronic Keyscan card access system with per-tenant swipe credentials, a Smart TV-equipped conference room on the fourth floor, an online tenant portal, and an on-site management office located in the Roof Garden suite. Supporting amenities include a 24/7 staffed fitness center, secure basement bike storage with shower facilities, a roof terrace, basement storage units, nightly janitorial service, and recycling and composting programs.

Revenue is generated through recurring multi-year commercial leases at quote-based, non-publicly-disclosed rates. Go-to-market is direct: the company markets via its website (thepacificbuilding.com) listing available suites, floor plans, and neighborhood information, and converts prospects through personal tours and direct inquiry via phone and email. The customer base spans small businesses seeking under 5,000 SF, enterprises needing 5,000–15,000+ SF contiguous space, and ground-floor retail tenants, with property management functions outsourced in part to specialist partners (Universal Protection Services for security, Shinelastic Janitorial LLC for janitorial services).

Name

Oregon Heritage Developments, Inc.

Legal name

Pac-Hill Limited Partnership

Website

https://thepacificbuilding.com

Company type

Private

Founded year

1926

Operating status

Operating

Headcount range

11–50 employees

Short description

Oregon Heritage Developments, Inc. operates the Pacific Building, a 1926 LEED-certified historic office property in downtown Portland. It leases commercial office and retail suites ranging from under 100 SF to over 13,000 SF to small businesses, enterprises, and retail tenants on multi-year contracts.

Ownership category

akta.pro rank

Product category

Commercial Office Space Leasing

akta.pro primary industry

Heritage & Historic Boutique Hotels (THAGADAD)

akta.pro secondary industry

Historic Sites, Heritage Landmarks & Archaeological Sites (THAJACAC)

Keywords

• Commercial office leasing
• Historic office space
• Downtown office rental
• Property management
• LEED-certified office

Headquarters

HQ city

Portland

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Infrastructure, Marketing or Sales

Revenue model

1. Office Space Leasing: Commercial office space rental revenue from leasing available units ranging from under 100 SF to 15,000+ SF. Units available include retail space (2,464 SF), office spaces ranging from 2,262 SF to 13,602 SF. Rates are negotiable with various terms available.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels2 records

Core offering

Oregon Heritage Developments, Inc. operates the Pacific Building, a historic 1926 LEED-certified commercial office property in downtown Portland, Oregon. The company leases office and retail space in suites ranging from under 100 SF to 15,000+ SF, supplemented by tenant amenities including a 24/7 fitness center, conference room, roof terrace, bike storage with showers, on-site storage units, and an online tenant portal.

Product overview

Oregon Heritage Developments, Inc. operates the Pacific Building, a historic LEED-certified office building in downtown Portland offering commercial office space leasing through multiple product lines: core office space rental across various suite sizes (1,651-13,602 SF), supplemented by tenant amenity services including a 24/7 fitness center, conference room facilities, secure bike storage with shower facilities, roof terrace access, and on-site storage units. The property management includes tenant portal services, nightly janitorial service, and on-site maintenance support.

Differentiator

Problem solved

Functional benefit

Products and services

• Office Space Rental Commercial office space leasing across multiple floors in a historic LEED-certified building in downtown Portland, available in suite sizes from approximately 1,651 to 13,602 SF for businesses of various sizes.
• Retail Space Rental Street-level retail space available at 522 SW Yamhill Street (2,464 SF) with immediate availability and N/E exposure, suited for storefront operators seeking high-traffic downtown Portland locations near Pioneer Square.
• On-site Storage Units Basement storage units available for lease to Pacific Building tenants, with units varying in size and location to support additional tenant storage needs.

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Three partnerships are on record, tiered core and minor.

• Universal Protection ServicescoreOthersProvides on-site security personnel to observe and report activities detrimental to the safety and security of the facility and its occupants. Security staff are present on premises Monday-Friday 6:00 AM to 11:00 PM and weekends 7:00 AM to 3:00 PM. Security personnel investigate, document and report criminal activity and respond to suspicious activity reports.
• Shinelastic Janitorial LLCcoreOthersProvides nightly janitorial services for the Pacific Building, including daily cleaning of tenant suites and common areas, weekly and monthly maintenance tasks, and specialized cleaning for restrooms, elevators, stairwells, and shower facilities. Janitorial service provided Monday-Friday from 6pm to 11pm.
• City of Portland / Metro Recycling ProgramminorStrategic or Co-development PartnerBuilding participates in City of Portland City Code requirements and Metro Recycling Program, recycling minimum 25% of generated waste with goal to exceed 50%. Partnership includes composting program accepting all food waste including meat, dairy, and bones.

Scale indicators3 records

Recent moves3 records

Expansion highlights3 records

Broad incumbents

• American Assets Trust: Diversified REIT with office, retail, multifamily, and mixed-use properties concentrated on the West Coast including Portland-area holdings. Comparable as an owner-operator of office properties in similar Pacific Coast geographies with overlapping tenant profiles.
• Vornado Realty Trust: Large publicly-traded REIT with a Manhattan office portfolio that includes trophy and historically significant assets. Comparable as an operator of iconic/heritage commercial office properties, though at vastly larger scale and concentrated in NYC.
• Empire State Realty Trust: NYC-focused REIT that owns the Empire State Building and other landmark office properties. Comparable as an operator of heritage/landmark office assets, though concentrated in Manhattan and at much larger scale.
• Paramount Group: Publicly-traded office REIT focused on high-quality historic and Class A office properties in NYC and San Francisco. Comparable as an operator of iconic/legacy office buildings, though at larger scale and different geography.
• Brookfield Property Partners: One of the largest global commercial real estate companies with a significant office portfolio that includes heritage and trophy assets. Comparable as an operator of large-scale office properties, though at vastly larger scale, global footprint, and institutional capital base.

Direct peers

• Beam Development: Portland-based real estate developer focused on adaptive reuse of historic industrial and commercial buildings for modern creative-office and mixed-use tenants. Highly comparable as a heritage-building operator in the same Portland market pursuing similar value-add strategies.
• Kilroy Realty: Publicly-traded West Coast office REIT with a portfolio concentrated in Portland, Seattle, San Francisco, and Los Angeles. Comparable as an institutional owner-operator of office properties in the same regional markets, though typically newer-vintage product.
• Hudson Pacific Properties: West Coast-focused office and studio REIT with significant Portland and Seattle presence and a portfolio that includes both new construction and repurposed historic buildings. Comparable as an office landlord serving similar mid-to-large enterprise tenants in the same Portland CBD submarket.
• Shorenstein Properties: Private, San Francisco-based real estate investor and operator focused on Class A and heritage office properties across West Coast markets including Portland, Seattle, and Los Angeles. Comparable as a privately-held owner-operator of institutional-quality office assets in similar geographies.

Regional players

• The Lipson Company: Portland-based commercial real estate firm owning and managing office, industrial, and retail properties across the Pacific Northwest. Comparable as a regional operator with deep Portland market presence serving similar small-to-mid-size business tenants.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/pac-hill-limited-partnership

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Oregon Heritage Developments, Inc.