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| Stonecreek Apartments, 11612 SE Division Street, Portland, OR |
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| 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.
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| 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.
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| 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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