Saturday, September 2, 2017

HFF closes $28.5 million sale of downtown Portland, OR creative office building


Sixth at Yamill Office Building, Portland, OR
                                                                                           Photo by Dave Davidson

Nicholas Kucha
PORTLAND, OR –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the $28.5 million sale of Sixth at Yamill, a 109,725-square-foot, creative office building in Portland, Oregon.

HFF marketed the property on behalf of the seller, Swift Real Estate Partners.  KBSRA Sixth at Yam, LLC, a joint venture between True North and KBS, purchased the asset in an off-market transaction. 

Sixth at Yamhill is situated at 811 Southwest Sixth Avenue at the high-foot-traffic, high-visibility corner of Southwest Yamhill Street and Southwest Sixth Avenue in downtown Portland.

The 11-story building was renovated in 2016 and offers completely re-imagined creative office space with 9,600-square-foot floor plates overlooking Portland’s living room – Pioneer Courthouse Square. 

Sixth at Yamhill’s core location provides access to light rail, buses, parking garages and is surrounded by luxury boutique hotels and restaurants. 

During its ownership, Swift completed a major lobby remodel, repositioned floors three through 11 to creative shell, established a common indoor-outdoor tenant patio on the fourth floor, added basement bike parking and secured the high-end boutique Water Ave Coffee Shop as a retail amenity.

The HFF investment sales team representing the seller was led by senior managing director Nick Kucha, director James Childress and associate Logan Greer.

For more information on this news release, please contact:

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


No comments: