Monday, December 2, 2013

HFF closes $5.6 million sale of Stonecreek Apartments in southeast Portland, OR


Stonecreek Apartments, 11612 SE Division Street, Portland, OR

Nick Klein
PORTLAND, OR – HFF announced today that it has closed the sale of Stonecreek Apartments, a 90-unit multi-housing community in southeast Portland, Oregon.

                HFF represented both the seller, CIC Stonecreek LLC, and the buyer, Norton Company-III LLC, in the transaction.

Tyler Linn
                Located at 11612 SE Division Street, Stonecreek Apartments is close to Interstate 205 and has easy access to downtown via the number 4 Tri-met line, which stops in front of the property. 

  The community has one- and two-bedroom units and offers residents a pool, laundry center, recreation room, sun deck, sports courts and nightly security patrol. 

Tom Wilson
                 The HFF investment sales team representing both the buyer and seller was led by associate directors Nick Klein and Tyler Linn.  HFF’s Tom Wilson arranged original financing on the property in 2008 and assisted on this transaction with the loan assumption for the new buyer.

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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