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| Terrene at the Grove Apartments, 8890 SW Ash Meadows Circle, Wilsonville, OR |
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| Ira Virden |
PORTLAND, OR, Sept. 8,
2015 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has closed
the $59.5 million sale of Terrene at the
Grove, a 288-unit, Class A garden-style apartment community in Wilsonville,
Oregon.
HFF marketed the property
on behalf of the seller, Holland Partner Group and its finance partner.
Jackson Square Properties purchased the asset
free and clear of existing debt. The
buyer also recently acquired The Addison, a 147-unit apartment community in
Vancouver, Washington, through a sale brokered by HFF.
Completed in 2013, Terrene
at the Grove has 13 residential buildings encompassing 288 expansive units
averaging 1,012 square feet each.
Community amenities include a saltwater swimming pool, fitness center
and resort-style clubhouse.
Ideally situated at 8890
SW Ash Meadows Circle just off Interstate 5 in the rapidly growing Portland
suburb of Wilsonville, Oregon, Terrene at the Grove is Wilsonville’s newest
apartment community and one of only three properties built in the city since
2007.
The HFF investment sales
team representing the seller 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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