Cambia Health Solutions has finally been outed as the mystery tenant scooping up roughly 90,000 square feet at Terminal 1, the Port of Vancouver's new waterfront office complex. The deal would hand the Portland-area health care company a bigger footprint on the Columbia River side of the metro area and put it among the heavyweight corporate occupants in the still-evolving waterfront district. For a while, leasing insiders kept the name under wraps and declined to identify who had locked down the space.
According to The Oregonian/OregonLive, broker Jake Lancaster would not name the tenant in a text message, but a Cambia spokesperson confirmed to the paper that the company plans to move into about 90,000 square feet at Terminal 1. The same report notes that Cambia has maintained a downtown Vancouver office since 2024 and employs more than 1,600 people across the greater Portland metro area, based on a company email and spokesperson. If lease filings ultimately back all this up, the deal would rank as one of the largest contiguous subleases on the Vancouver waterfront so far.
Terminal 1's lure for big occupiers
Terminal 1 is a mixed-use redevelopment on the Port of Vancouver waterfront, pairing office towers with street-level retail and public terraces. As described by Port of Vancouver USA, the project was designed to stitch downtown back to the Columbia River and to offer modern floor plates aimed squarely at large employers. Developer Lincoln Property Company has said the complex stacks in amenities and infrastructure meant to catch the eye of national tech, health care and professional services tenants.
Where this fits in the regional market
The apparent Cambia deal follows a string of sizable moves around the metro area. The Oregonian/OregonLive reported in April that Regence Blue Cross Blue Shield of Oregon boosted a downtown Portland lease from roughly 60,000 to about 100,000 square feet at 200 S.W. Market St. That expansion, paired with earlier commitments nearby, suggests developers are still landing tenants willing to sign up for large, contiguous blocks along the I-5 corridor. Project materials from the architect team also highlight ZoomInfo's 2021 announcement to expand at Terminal 1, an early signal of national-scale interest in the waterfront buildout (DLR Group).
What to watch next
For now, the public details are still thin. Neither the Port nor the listing brokers have posted a move-in date or released financial terms tied to the deal. The Port's project timeline and board records indicate more retail and public market phases are in the pipeline, which means a confirmed Cambia tenancy would likely speed up foot traffic and demand for support services downtown (Port of Vancouver). All eyes are on formal lease filings and future statements from Cambia or the Port that spell out a schedule and any tenant improvement plans inside Terminal 1.
