Sunday, July 19, 2015

$47.75 million sale of 135-unit multi-housing property in Portland’s Alphabet District closed by HFF


The Cordelia Building, 777 NW 19th Avenue, Alphabet District, Portland, OR

PORTLAND, OR – Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the $47.75 million sale of The Cordelia, a 135-unit, two-building multi-housing property in Portland’s Alphabet District.

Ira Virden
HFF marketed the asset on behalf of Mill Creek Residential Trust and its capital partner. 

The Cordelia is located at 777 NW 19th Avenue between Portland’s Pearl District and the NW 23rd Avenue retail corridor. 

The transit-oriented asset is situated two blocks from a Portland streetcar stop, less than one half of a mile from Interstate 405 and provides access to multiple retail, dining and entertainment options within walking/biking distance.

 Completed in 2014, the LEED Gold property has studio, one- and two-bedroom units averaging 667 square feet each.  Property amenities include a common area with kitchen and theatre lounge, bike storage and repair station, dog wash and grooming station, 24-hour fitness center, outdoor barbecue and picnic area and a 62-space subterranean parking garage.

The HFF investment sales team was led by managing director Ira Virden and associate director Kerry Hughes.

For a complete copy of the company’s news release, please contact:

Olivia Hennessey
Public Relations Coordinator
HFF | 9 Greenway Plaza Suite 700 | Houston, Texas 77046
tel 713.852.3403 | fax 713.527.8725 | www.hfflp.com


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