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| Michael Leggett |
PORTLAND, OR – HFF announced it has closed the sale of 811
SW Naito Parkway, a 49,946-square-foot, office property with an underground
parking garage and adjacent parking lot in Portland, Oregon.
HFF
marketed the property on behalf of the seller, ATC Partners, LLC, a
full-service real estate firm based in San Francisco. The assets were purchased by Swift Real Estate Partners for $8.55
million.
811 SW Naito Parkway sits on the waterfront of the Portland
central business district. The property
is one block west of the MAX light rail line and has easy access to Interstates
5 and 84. 811 SW Naito Parkway has
unobstructed views of Mount Hood, Willamette River and Tom McCall Waterfront
Park.
Originally constructed in 1982, this property was renovated
in 2013. The six-story, mid-rise
building has an underground parking garage with 28 stalls. An additional surface lot with 17 stalls was
purchased from ATC Partners with the building and garage.
The HFF investment sales team representing the seller was
led by director Nicholas Kucha and senior managing director Michael
Leggett.
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| 811 SW Naito Parkway, Portland, OR |
ATC Partners, LLC, a value-add real estate company founded
by Michael Halper in 1992, added the 811 building to its portfolio in 2007.
The firm has completed more than $75 million
in transactions during the last 18 months and is currently seeking
opportunities to buy commercial assets in the Bay Area and California.
For a complete copy of the company’s news release, please
contact:
Kristen M. Murphy
Associate Director
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 | Direct: 617-848-1572 | Cell:
617-543-4873 | www.hfflp.com
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