Sunday, May 4, 2014

HFF arranges $5 million financing for Woodlark Building in downtown Portland, OR


Woodlark Building, 813--817 SW Alder Street, Portland, OR

PORTLAND, OR – HFF announced it has arranged $5 million in financing for the Woodlark Building, a 43,887-square-foot historic office building in downtown Portland.

Tom Wilson
                HFF worked on behalf of the borrower, a joint venture between NFN Investments, LLC and Arthur Mutual Investments, to arrange acquisition financing through a non-local debt fund.   Loan proceeds were used to acquire the property.

                The Woodlark Building is located at 813-817 SW Alder at the intersection of SW 9th Avenue in downtown Portland.  

Built in 1912, the eight-story building has undergone continued improvements and renovations since completion, including a recent lobby refinish and exterior painting.  The property is 91 percent leased to a variety of office and retail tenants.

The HFF team was led by managing director Tom Wilson and senior real estate analyst Erica Christensen.

“This transaction is an example of how non-local lenders are taking an interest in Portland’s commercial real estate market, even for smaller transactions,” Wilson said.
  
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
Main: 617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 | www.hfflp.com

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