Penney

Portland Entrances & Exits: Office Depot opened two stores in the area, one each in Salem and Hillsboro. JC Penney's left Lloyd Center Mall, and it has not yet been replaced. Future Shop and Levi's both closed their sites in downtown Portland. Pep Boys entered this market, opening a store in the suburbs. Economy: Portland's metropolitan area is extremely healthy. According to Grubb Ellis, a commercial brokerage and property management firm, the market's overall retail vacancy rate in 1998 was just 4.4 percent, up only one-tenth of a point from 1997. Great for the landlord and great for the city, but not-so-great for the

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