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| 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.
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| 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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