Tuesday, August 12, 2014

HFF closes $8.55 million sale of 811 SW Naito Parkway in Portland, OR


Michael Leggett
PORTLAND, OR – HFF announced it has closed the sale of 811 SW Naito Parkway, a 49,946-square-foot, office property with an underground parking garage and adjacent parking lot in Portland, Oregon.

               HFF marketed the property on behalf of the seller, ATC Partners, LLC, a full-service real estate firm based in San Francisco.  The assets were purchased by Swift Real Estate Partners for $8.55 million.

811 SW Naito Parkway sits on the waterfront of the Portland central business district.  The property is one block west of the MAX light rail line and has easy access to Interstates 5 and 84.  811 SW Naito Parkway has unobstructed views of Mount Hood, Willamette River and Tom McCall Waterfront Park.

Originally constructed in 1982, this property was renovated in 2013.  The six-story, mid-rise building has an underground parking garage with 28 stalls.  An additional surface lot with 17 stalls was purchased from ATC Partners with the building and garage.

The HFF investment sales team representing the seller was led by director Nicholas Kucha and senior managing director Michael Leggett.

811 SW Naito Parkway, Portland, OR
ATC Partners, LLC, a value-add real estate company founded by Michael Halper in 1992, added the 811 building to its portfolio in 2007.  

The firm has completed more than $75 million in transactions during the last 18 months and is currently seeking opportunities to buy commercial assets in the Bay Area and California. 


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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