Monday, March 13, 2017

HFF closes $23.5 million sale of and arranges financing for Gresham Station Medical Plaza in suburban Portland, OR

Gresham Station Medical Plaza, Gresham, OR

PORTLAND, OR,  March 13, 2017 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has closed the $23.5 million sale of and arranged the financing for Gresham Station Medical Plaza, a 100,419-square-foot, four-building medical office complex in the suburban Portland community of Gresham, Oregon.

Erica Christensen

HFF marketed the property on behalf of the seller, Westlake Realty Group, Inc., and procured the buyer, Stockdale Capital Partners.  Additionally, HFF worked on behalf of the new owner to secure the acquisition loan.  HFF handled the sale of the adjacent Gresham Station Shopping Center on behalf of Westlake in 2016. 

Nick Kucha
Gresham Station Medical Plaza is located at 831 NW Council Drive, 862-894 NW Burnside Drive and 1851-1867 NW Civic Drive, near the Adventist Medical Center. 

This location, southeast of Portland, is adjacent to Gresham Station Shopping Center, Gresham City Hall and the Civic Drive MAX station, and has a population of 243,000 people within a five-mile radius.

 Completed in 2004, the property is 77 percent leased and is anchored by Adventist Health.  Additional tenants include DaVita HealthCare Partners Inc. and Providence Health & Services.  The facility provides an array of services, including surgery, imaging, dialysis, primary care, orthopedics, laboratory, physical therapy, dermatology, dentistry, women’s health and pediatrics.

The HFF investment sales team representing the seller was led by senior managing director Nick Kucha, managing director Evan Kovac, associate Andrew Milne and analyst Trent Jemmett.

HFF’s debt placement team representing the borrower was led by managing director Jeremy Womack and associate director Erica Christensen.

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

Kristen Murphy
Director, Public Relations
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
tel 617.848.1572 | cell 617.543.4873 |

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