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| Waterhouse Place, 600 NW 158th Avenue, adjacent to Cornell Oaks Corporate Center, Beaverton, OR |
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| Ira Virden |
PORTLAND, OR – HFF announced it has closed the sale of Waterhouse
Place, a 279-unit, garden-style multi-housing community in Beaverton,
Oregon.
HFF
marketed the property on behalf of the seller, a joint venture between Guardian
Real Estate Services and a value-added fund advised by UBS Global Asset
Management. A joint venture between
Holland Partner Group and an affiliate of Heitman purchased the property free
and clear of existing debt.
Waterhouse Place is located at 600 NW 158th Avenue adjacent to Cornell
Oaks Corporate Center and less than one mile from Nike’s world headquarters in
Beaverton.
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| Sean P. Deasy |
Partially renovated in 2009, the complex features one-, two-
and three-bedroom homes averaging 937 square feet each. Community amenities include a nature trail
and stream, two swimming pools, hot tub, 24-hour fitness center, barbecue and
picnic area, and clubhouse.
The
HFF investment sales team was led by director Ira Virden, co-head of
HFF’s national multi-housing investment sales group Sean Deasy, and
senior real estate analyst Kerry Hughes.
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| Kerry Hughes |
“The
community’s superb location near several corporate headquarters such as Nike,
Intel, Tektronix and Columbia Sportswear combined with plentiful community
amenities, such as the 92-acre Tualatin Hills Athletic Center, The Streets of
Tanasbourne and Tanasbourne Town Center, made this property extremely
attractive to investors,” commented Virden.
Established in 1971 and headquartered in Portland, Oregon, Guardian Real
Estate Services has evolved into a leading management, development and
investment firm.
The company offers a
diversified real estate service platform including property management,
investments, development and advisory services. Guardian delivers custom solutions by offering a higher level of
expertise, resources and creative capacity to develop a unique approach for
each client.
Founded in 2000, The Holland Partner Group is comprised of
five operating companies focused on development of new communities, new
construction operations, property management and redevelopment services in
conjunction with investment and asset management.
The services and resources provided by Holland allow its
strategic alliance partners to invest in core, core-plus and value-added
communities in the primary Western United States’ markets.
For a complete copy of the company’s news release, please
contact:
Kristen M. Murphy
Associate Director
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
tel (main) 617-338-0990 | (direct) 617-338-1572 | cel
617.543.4873 | www.hfflp.com
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