A retail building in Portland’s Hawthorne District has changed hands in an investment sale, highlighting continued investor attention on one of the city’s most sought-after commercial corridors. DS TS Holdings LLC acquired the property at 4343 SE Hawthorne Boulevard in Portland, Oregon, in a transaction priced at $1.4 million.
The asset is an approximately 3,081-square-foot retail building positioned along SE Hawthorne Boulevard, a corridor characterized in the area as having heavy car and foot traffic. The location in the heart of the Hawthorne District places the property within an established commercial and lifestyle destination that already draws consistent activity from local residents and visitors.
Originally constructed in 1997, the building received a renovation in 2023, giving the single-tenant retail asset a relatively modern physical profile despite its late-1990s vintage. The property also benefits from signage directly on SE Hawthorne Boulevard, providing visibility to passing vehicles and pedestrians on this active retail and restaurant corridor.
The building was formerly occupied by Gigantic Brewing, which operated from the site prior to the sale. Following the transaction, the space is slated for a new use as a tavern called Steely’s. The future concept is scheduled to open in the spring of 2026 and is expected to offer a menu focused on smashburgers and wings, along with a curated list of beers on tap, further reinforcing the food-and-beverage orientation of the immediate area.
On the capital markets side, the buyer, DS TS Holdings LLC, was represented by Jake Holman of Portland-based Norris & Stevens, Inc. Holman acted on behalf of the purchasing entity in the investment acquisition of the retail building. On the sell side, Gigantic Brewing Company, LLC was represented by John C. Lee of JLL, who handled disposition duties for the seller.
This trade pairs a renovated, small-format retail building with an established urban neighborhood that already benefits from strong local traffic patterns. With a new tavern user set to activate the space, the transaction underscores investor and operator alignment around walkable, experience-driven retail locations in Portland’s Hawthorne District.
