Saturday, July 16, 2016

HFF represents the Boys & Girls Club of Portland Metro in $8.825 million sale of its Southeast Portland, Oregon location

Carrie Kahn
 PORTLAND, OR –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the $8.825 million sale of the 1.21-acre Boys & Girls Club site in Sellwood, a community in Southeast Portland.

HFF marketed the property on behalf of the seller, the Boys & Girls Club of Portland Metro, and procured the buyer, NBP Capital. 

The property was sold on a free and clear basis, and the buyer plans to develop a mixed-use community featuring apartment units and retail.

The Sellwood Boys & Girls Club site is located at 7119 SE Milwaukie Avenue at the corner of SE Ogden Street and SE Milwaukie Avenue in Southeast Portland.  Boasting a Walk Score© of 89, the site is within close proximity to numerous boutique shops, restaurants and cafes that comprise the primarily single-family residential area. 

Within eight blocks of the site, sits the MAX Orange light-rail line that connects Sellwood to downtown Portland and the Oregon Health and Sciences University (OHSU) campus in Portland’s South Waterfront. 

Ira Virden
The HFF investment sales team representing the sellers was led by managing director Ira Virden and director Carrie Kahn.

HFF also made a donation back to the Boys & Girls Club of Portland to fund future programs.

“We were honored to have been selected by the Boys & Girls Club of Portland to market their Sellwood location.  

"This was a high-profile assignment locally, and a hotly contested process that attracted a lot of interest from local and national developers.  

"With a combination of limited new apartment construction in Sellwood and continued in-migration to the Portland market, we expect the new project to do extremely well and be a big boost to the neighborhood,” said Virden.

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

Kristen M. Murphy
Director, Marketing
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 |

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