Wednesday, February 17, 2016

HFF closes sale of mid-rise apartment community in Hillsboro, OR

                                                                                                (Photo by Red Studio Inc.)

Platform 14 Apartments, 1030 NE Orenco Station Parkway
in the Orenco Station master planned community, 
Hillsboro, OR

PORTLAND, OR – Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the sale of Platform 14, a 177-unit, podium-style, mid-rise apartment community in Hillsboro, Oregon.

HFF marketed the property exclusively on behalf of the seller, Holland Partner Group and its finance partner.  Invesco Real Estate purchased the asset for an undisclosed amount.

Ira Virden
Platform 14 is situated on approximately 2.34 acres at 1030 NE Orenco Station Parkway in the Orenco Station master planned community within walking distance to Intel, which employs 17,500 people locally.

 Completed in 2012, the four-story, transit-oriented property has 125 one- and 41 two-bedroom units, as well as 11 spacious live and work units with one bedroom/two bath layouts. 

Property amenities include 16,057 square feet of ground floor retail, an 8,000-square-foot sky deck with barbecue, bar and community garden, community kitchen, lounge, bike storage and garage parking.

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

 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 |

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