National University of Natural Medicine puts Portland campus up for sale
For the second time in a year, a higher education campus is on the market in Portland.
The National University of Natural Medicine has put its South Portland campus up for sale. The site is located on a 5.17 acre property located near I-5, I-405 and Sunset Highway. It is also close to downtown, Oregon Health & Science University, and the South Waterfront. The campus consists of seven buildings containing 126,000 square feet of office, classroom and laboratory space.
The university, the oldest accredited naturopathic university in the country, founded in 1956, announced on September 30 that it would look to relocate to a new campus.
“The current NUNM campus in downtown Portland, Oregon has served our community well since 1996,” said University President Dr. Melanie Henriksen, in a September 30 statement. “Now we have the opportunity to create a new integrated home for the next generation of naturopathic physicians and researchers, nutritionists, and classical Chinese medicine practitioners. “
The university bought what was originally Josiah Failing Elementary School 25 years ago. Henriksen said after his experience with distance learning during the COVID-19 pandemic, his administration decided to move. The university hired GBD Architects to oversee the design of a new campus.
The sale project follows on from the closure of Concordia University in northeast Portland. Concordia’s 24-acre campus, which is located in a residential neighborhood, is much larger than that of NUNM, but both offer scarce redevelopment opportunities as the city of Portland grapples with a long-term housing shortage.
In recent years, the Portland Housing Bureau has purchased properties from the Land Bank for future development. The city already owns a large part of the centrally located property, partially earmarked for housing: the site of the main downtown US post office in the Pearl District. In a recent interview, City Commissioner Jo Ann Hardesty expressed her frustration that the city did not move aggressively to acquire the Concordia campus.
The brokerage firm Cushman & Wakefield has the list for NUNM. The company does not advertise a price but rather seeks offers from interested buyers.