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| 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.
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| 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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