HFF closes $35.35 million building sale in downtown Portland, OR and secures $25.51 million financing

2100 SW River Parkway, Portland, OR

Nicholas Kucha

PORTLAND, OR – HFF announced today that it has closed the $35.35 million sale of and secured $25.51 million acquisition financing for a 96,250-square-foot, mid-rise office building located at 2100 Southwest River Parkway in Portland’s Central Business District.

                HFF coordinated the transaction of 2100 Southwest River Parkway.  The seller is Clarion Partners, and the buyer is BDC Advisors, who purchased the property free and clear of debt.

  HFF also secured a seven-year, fixed-rate acquisition loan on behalf of the new owner through a regional bank.

                2100 Southwest River Parkway is located in the south end of the Portland CBD on the Willamette River adjacent to the southernmost part of Waterfront Park and less than a mile southeast of downtown. 

The eight-story, Class A office building was completed in 1995 and is 100 percent leased to two tenants.  The property is half a block from the nearest light rail station and is easily accessible via other transit options including the Portland Street Car and Trimet bus lines. 

Erica Christensen

2100 Southwest River Parkway also offers three levels of on-site parking consisting of 176 stalls.

                The HFF investment sales team representing the buyer was led by director Nicholas Kucha and senior real estate analyst James Childress.

                The HFF debt placement team representing the buyer was led by managing director Casey Davidson and senior real estate analyst Erica Christensen.                

Clarion Partners has been a leading U.S. real estate investment manager for 33 years.

 Headquartered in New York, the firm has offices in major markets throughout the U.S.; in São Paulo, Brazil; and London, England, as well as a presence in Mexico.

 With $33 billion in total assets under management, Clarion Partners offers a broad range of real estate strategies across the risk/return spectrum to its more than 250 domestic and international institutional investors. 

More information about the firm is available at www.clarionpartners.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

ohennessey@hfflp.com