Property Name: The Reed and 120 Commercial Street Building

 

Location: 189 Liberty St NE, - Downtown Salem, OR 

 

​

Description: The Reed was Built in 1870 by Cyrus Adams Reed. In its early days, the Reed was known as the Reed Opera House and was a popular location for theatre, music, and community events. The building has hosted a number of famous guests, such as Mark Twain, Susan B. Anthony and President Rutherford B. Hayes.  The 42,000sf building now hosts, over 40 tenants including shops, restaurants, creative offices, a ballroom, theatre, and business meeting facilities,

​​

The 120 Commercial Street Building is 15,000sf and includes a desirable 40 space surface parking lot.  Cumberland recently completed a complete renovation converting the building from an underutilized single tenant restaurant space to a mixed use multi-tenant class A building. 

 

​

Both buildings along with the parking lot were purchased in one transaction by Cumberland Holdings  and have recently received awards from the Salem Historical Society for the recent renovation

 

​

Acquisition Date: Feb. 26, 2018 – Renovated 2020/21 

 

​

Status: Owned 

​

​

Website: reedoperahouse.com