PORTLAND, OR – The Portland office of HFF (Holliday Fenoglio Fowler, L.P.) announced today that it has arranged a $38 million recapitalization of The 1000 Broadway Building, (above centered photo) a 268,655-square-foot, Class A office tower in Portland, Oregon.Working exclusively on behalf of the borrower, HFF senior managing director Lloyd Minten (top left photo) and director Casey Davidson placed the fixed-rate amortized loan with an insurance company lender, which HFF will be servicing.
The 1000 Broadway Building is a 23-story downtown office building with 15 floors of office space situated above a seven-level, 312-space parking garage, ground-floor retail space and a sub-grade four-screen Regal Entertainment Cinema.
The property is 96 percent occupied to tenants such as Hoffman Hart & Wagner (law firm), Evraz Oregon Steel (headquarters), Sussman Shank (law firm) and West Coast Bank.
“Located at the corner of Southwest Broadway and Main Street in Portland’s central business district, 1000 Broadway is ideally located to take advantage of it’s immediate access to Light Rail and bus lines as well as numerous restaurants, shops and hotels,” said Davidson.
CONTACTS:
Lloyd P. Minten, HFF Senior Managing Director, (503) 224-0444, lminten@hfflp.com
Casey P. Davidson, HFF Director, (503) 224-5566, cdavidson@hfflp.com
Kristen M. Murphy, HFF Associate Director, Marketing, ((713) 852-3500, krmurphy@hfflp.com
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