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| Ira Virden |
PORTLAND, OR – HFF announced it has closed the sale of Arbor
Creek, a 440-unit garden-style multi-housing community in Beaverton,
Oregon.
HFF
marketed the property on behalf of Holland Partner Group. Jackson Square Properties purchased the
property for an undisclosed amount.
Arbor
Creek is situated on 22 acres at 3280 Southwest 170th Avenue approximately 1.5
miles from Nike World Headquarters and within 10 minutes of the Intel Ronler
Acres Campus and other major area employers.
Partially renovated
in 2013, the property includes one- and two-bedroom units averaging 768 square
feet each. Community amenities include
a swimming pool, spa, fitness center, basketball/sport court, indoor
racquetball court, playground, clubhouse and business center.
The
HFF investment sales team was led by director Ira Virden and associate director
Kerry Hughes.
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| Kerry Hughes |
Founded in 2001, Holland Partner Group (“HPG”) based in
Vancouver, Washington is a fully integrated real estate investment
company.
Current assets under
management and development represent approximately $7.5 billion in 30,000
apartment homes located in the western United States’ most sought after
markets.
The company accomplishes its
investment objectives in strategic alignment with its capital partners through
its five integrated operating companies, including development, construction,
acquisition, redevelopment and management.
HPG’s combined business volume in 2013 exceeded $1 billion and total
employment in 2014 is expected to reach the 1,000 team member mark.
Jackson Square Properties is a privately-held company that
capitalizes value-added real estate across the United States, renovating multifamily
real estate in a manner that maximizes return on investment for its investment
partners. Since 2010, JSP has acquired
more than 13,500 apartment units. The
company’s current portfolio consists of over 18,000 apartment units nationwide
with concentrations in California, , Seattle, Portland, Denver, Chicago and
Utah.
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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