Thursday, August 20, 2015

$21.75 million sale of Vancouver, WA apartment community closed by HFF


The Addison Apartments, 7531 NE 18th Street, Vancouver, WA

 
Ira Virden
 PORTLAND, OR – Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the $21.75 million sale of The Addison, a 147-unit, garden-style apartment community in Vancouver, Washington.

HFF marketed the property on behalf of the seller, JB Matteson.  Jackson Square Properties purchased the asset free and clear of existing debt.  

HFF had previously secured fixed-rate financing for the property on behalf of the seller in 2011.

The Addison is located at 7531 NE 18th Street less than two miles from Interstate 205 and approximately 14 miles northeast of downtown Portland.  Completed in 2009, the property is 99 percent leased and has one-, two- and three-bedroom units.

Kerry Hughes
 Community amenities include a 24-hour fitness center, tanning bed, barbecue and picnic area, detached garages/carports and access to nearby walking trails and public transit.

The HFF investment sales team representing the seller was led by managing director Ira Virden and associate director Kerry Hughes.

 For a complete copy of the company’s news release, please contact:

Olivia Hennessey
Public Relations Coordinator
HFF | 9 Greenway Plaza Suite 700 | Houston, Texas 77046
tel 713.852.3403 | fax 713.527.8725 | www.hfflp.com


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