 |
| Carrie Kahn |
PORTLAND, OR –– Holliday
Fenoglio Fowler, L.P. (HFF) announced it has closed the sale of Sunfield Lakes, a 200-unit,
garden-style apartment community in the southwest Portland suburb of Sherwood,
Oregon.
HFF marketed the asset
exclusively on behalf of the Berkshire Group.
Brookline Investment Group purchased the offering free and clear of
existing debt.
Sunfield Lakes is located
at 16100 SW Century Drive in the rapidly-growing suburb of Sherwood, less than
three miles west of the renowned Willamette Valley wine country and
approximately 15 miles southwest of Portland’s central business district.
The property provides an easy commute to the
Portland market’s major economic drivers, such as the Tualatin/Sherwood
industrial hub, Legacy Meridian Park Medical Center, LAM Research Corporation
and the Wilsonville submarket.
Sunfield Lakes offers a mix of one-, two- and
three-bedroom floor plans averaging 1,024 square feet each and community
amenities, including an outdoor pool, hot tub, 24-hour fitness center, lounge
and business center.
The HFF investment sales
team was led by managing director Ira
Virden and director Carrie Kahn.
 |
| Ira Virden |
“Sunfield Lakes is an
attractive, long-term investment opportunity located in a supply-constrained
submarket with strong demographics that support future rent growth,” Kahn
said.
“The units are larger than
average, and the expansive common area space positions it well for a value-add
program that will further enhance its appeal in the market.”
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 | hfflp.com
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