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