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September 15, 2005

Meriwether Partners

An investor group led by Seattle-based Meriwether Partners bought the 242,000-square-foot Capitol City Business Center in Salem, Ore., from State Farm Mutual Automobile Insurance Co., for $11.5 million. Marc Renard and Tom Usher of Cushman & Wakefield represented the seller. The property, formerly State Farm's Salem Operations Center, is the largest contiguous block of single-story office space in the Northwest, according to Meriwether Principal Robert Briscoe. State Farm is leasing back 130,000 square feet on a short-term basis. Curt Arthur of Mountain West Coldwell Banker Commercial has been hired to lease the center, and the Portland office of GVA Kidder Mathews will manage it.




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