Wednesday, August 20, 2014

HFF closes $21.1 million sale of Class A office building in downtown Portland, OR


Nick Kucha
PORTLAND, OR – HFF announced it has closed the $21.1 million sale of the Executive Building, an 11-story, Class A office building totaling 104,630 square feet in downtown Portland.

                HFF marketed the property on behalf of the seller, The Matteson Companies.  Swift Realty Partners purchased the asset for $21.1 million contingent to existing debt. 

The Executive Building is situated on 0.23 acres at 811 SW 6th Avenue at the intersection of Portland’s main MAX light rail lines and near Interstates 5 and 84 and Highway 26. 

The property is also near amenities such as the Pioneer Place Shopping Center, The Nines Hotel and several other dining, retail and entertainment venues.  

The property is 91.4 percent leased to three tenants, including J.P. Morgan Chase and the State of Oregon Department of Environmental Quality (DEQ).

The HFF team was led by director Nick Kucha and senior managing director and co-head of HFF’s national office investment sales platform Michael Leggett.

Michael Leggett
The Matteson Companies are a group of affiliated entities engaged in real estate investment and management, headquartered on the San Francisco Peninsula with operations in diverse western U.S. markets. 

  The companies' capabilities include property acquisitions, value-added asset management, high quality property management and construction management for renovations and capital projects in the managed portfolio.  

With a regional asset and property management team, The Matteson Companies manage an extensive portfolio of properties throughout the West that includes multifamily, office, retail and mixed-use property types.  The properties are located throughout the western U.S., California, Arizona, Oregon and Washington.

Swift Real Estate Partners is an independent and vertically integrated real estate investment firm which seeks to generate attractive risk-adjusted returns for its investors.  Learn more at www.swiftrp.com.

 For a complete copy of the company’s news release, please contact:

Olivia Hennessey
Public Relations Coordinator
HFF | 9 Greenway Plaza, Suite 700 | Houston, TX 77046
tel 713.852.3403 | fax 713.527.8725 | www.hfflp.com

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