Closed Transaction: State of Oregon Department of Human Services


GOVT Real Estate Group Closes State of Oregon Department of Human Services in Corvallis, Oregon

San Diego, California | February 14th, 2024 – The GOVT Real Estate Group announced today the recent sale of a 53,397 square-foot facility in Corvallis, Oregon that is 100% leased on a long-term basis to the State of Oregon for use by the Department of Human Services (DHS).

Constructed in 2018 as a build-to-suit development, this office is an expansion and co-location of several services provided by DHS, including Child Welfare, Self-Sufficiency, and Vocational Rehabilitation at one site. DHS provides direct services to more than one million Oregonians each year, with a legislatively approved 2021 – 2023 budget of $18.38 billion, amounting to approximately 16% of the State’s total budget.

The subject property is situated on a 4.83-acre parcel in close proximity to additional community agencies, programs, and services, and located 1.5 miles from the Oregon State University campus, the largest university in Oregon with over 37,000 students, and within three miles of downtown Corvallis.

The property was acquired by an institutional investor which focuses on government property acquisitions and was sold on behalf of a development firm based in Portland, Oregon.


GOVT Real Estate Group

GOVT Real Estate Group is the national market leader in government property sales and investor services, with transaction volume exceeding $7 billion and closings in 45 states. Founded in 2005, GOVT Real Estate Group provides highly skilled client representation via unmatched expertise and experience, and a network of influential relationships with institutional and private capital sources that is global in reach. Through the power of specialization, GOVT Real Estate Group maximizes value and optimizes results on every assignment.

GOVT Real Estate Group’s transaction experience includes facilities occupied by all active government departments and agencies, including FBI, DEA, IRS, FEMA, FDA, ATF, OSHA, Veterans Affairs, Secret Service, Homeland Security, Immigration and Customs Enforcement, Citizenship and Immigration Services, Social Security, U.S. Attorneys, U.S. Courts, Customs and Border Protection, Air Force, Department of Defense, Army Corps of Engineers, Defense Health Agency, Health Resources and Services, Department of Interior, Forest Service, Bureau of Land Management, Fish & Wildlife, Geological Survey, Environmental Protection Agency, Department of Energy, Military Entrance Processing Command, Department of Agriculture, and National Parks Service.