Saturday, November 12, 2016
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.
“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:
Public Relations Coordinator
HFF | 9 Greenway Plaza Suite 700 | Houston, Texas 77046
tel 713.852.3403 | fax 713.527.8725 | hfflp.com