Thursday, April 20, 2017

HFF advises SKB on $53 million disposition and recapitalization of American Bank Building in Portland, OR and arranges $41.7 million in financing for new partnership

American Bank Building, 621 SW Morrison Street, Portland, OR

Nick Kucha
PORTLAND, OR –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has advised ScanlanKemperBard Companies (SKB) on the $53 million disposition and recapitalization of the American Bank Building, a historic office building in Portland’s central business district.  

Additionally, HFF worked on behalf of the new partnership to secure $41.7 million in financing.

Working on behalf of SKB, HFF recapitalized the property with Lionstone Investments and arranged a four-year, floating-rate loan through CIT Bank for the new partnership. 

Originally built in 1914, the American Bank Building is a 15-story historic creative office building at 621 SW Morrison Street.  Prominent tenants at the 61.1-percent-leased building include Wells Fargo and The Department of Justice. 

Boasting a Walk, Transit and Bike® Score of 99, 96 and 96 respectively, the property fronts the CBD’s core transit mall, Pioneer Square, and offers connectivity to all four MAX light rail lines and numerous bus stops at its front door.  Additionally, streetcar service is only three blocks from the property. 

The HFF investment sales team advising on the disposition and recapitalization was led by senior managing director Nick Kucha.

HFF’s debt placement team was led by senior managing director Tom Wilson and managing director Colby Mueck.

 For a complete copy of the company’s news release, please contact:
Olivia Hennessey
Public Relations Specialist
HFF | 9 Greenway Plaza, Suite 700 | Houston, Texas 77046
tel 713.852.3403 | fax 713.527.8725 |