 |
| Ira Virden |
PORTLAND, OR – HFF announced it has closed the sale of
Seneca Village Apartments, a Class A, 264-unit multi-housing community in
Hillsboro, Oregon.
HFF
marketed the property on behalf of an institutional client of Invesco Real
Estate. Greystar Real Estate Partners
purchased the community for an undisclosed amount.
Seneca Village Apartments consists of 12 apartment buildings containing
156 one-bedroom units, 100 two-bedroom units and 8 three-bedroom units.
Community amenities include a swimming pool and hot tub,
barbecue area, clubhouse, business center, covered parking and detached
garages.
The property is situated on
11.8 acres at 6710 NE Vinings Way, which is considered to be the “Silicon
Forest,” named for its proximity to tech companies Intel, Sales Force,
TriQuint, Geetch and Oracle.
 |
| Kerry Hughes |
The property is 14.7
miles west of downtown Portland and within a five-mile walk to two neighborhood
shopping centers.
It is a half mile
away from the Orenco/NW 231st Avenue MAX Light Rail Station that connects to
downtown Portland and the Portland International Airport.
The
HFF investment sales team was led by director Ira Virden and associate
director Kerry Hughes.
“The ability to buy late 1990’s construction with nine-foot
ceilings, and close proximity to high-paying tech jobs is extremely rare in
Portland,” Virden said.
“Seneca Village
will benefit from the new construction in Orenco Station, and by implementing a
value-add business plan, it will continue to be an extremely strong performer.”
Additional information is available at invescorealestate.com.
To learn more about Greystar, visit www.greystar.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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