Wednesday, December 10, 2014

HFF closes sale of Yeon Building in Portland’s central business district


Yeon Building, 522 SW Fifth Avenue, Central Business District, Portland, OR


Nick Kucha
PORTLAND, OR – HFF announced today that it has closed the sale of the Yeon Building, a 126,885-square-foot, historic creative office building in Portland, Oregon’s central business district.

               HFF marketed the property on behalf of the seller, an affiliate of Jonathan Rose Companies and sold the property to a value-added US Fund managed by Gaw Capital Partners.

               Originally built in 1911, the Yeon Building was substantially renovated in 2011 and currently features 114,113 square feet of office, 11,332 square feet of retail space and 1,440 square feet of amenity space in a LEED-EB Gold certified, 15-story building.

 The property is 85.6 percent leased to a variety of tenants in the technology, entertainment/gaming, legal, nonprofit, engineering, counseling, music, financial and real estate industries.

  Building amenities include a wi-fi enabled conference room and tenant bike storage.  Located at 522 SW Fifth Avenue, the Yeon Building is one block from the Pioneer Place Shopping Mall and the westbound MAX light rail line and two blocks from the eastbound MAX light rail line. 

Michael Leggett
The property is also within close proximity to Portland’s Morrison bridgehead, which provides direct bike access to Portland’s southeast residential neighborhoods and vehicle access to Interstate 5 and Highway 99E.

               The HFF investment sales team was led by director Nick Kucha and senior managing director Michael Leggett.

 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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