 |
| Carrie Kahn |
PORTLAND, OR –– Holliday
Fenoglio Fowler, L.P. (HFF) announced it has closed the $8.825 million sale of
the 1.21-acre Boys & Girls Club
site in Sellwood, a community in Southeast Portland.
HFF marketed the property
on behalf of the seller, the Boys & Girls Club of Portland Metro, and
procured the buyer, NBP Capital.
The property was sold on a free and clear
basis, and the buyer plans to develop a mixed-use community featuring apartment
units and retail.
The Sellwood Boys &
Girls Club site is located at 7119 SE Milwaukie Avenue at the corner of SE
Ogden Street and SE Milwaukie Avenue in Southeast Portland. Boasting a Walk Score© of 89, the site is
within close proximity to numerous boutique shops, restaurants and cafes that
comprise the primarily single-family residential area.
Within eight blocks of the
site, sits the MAX Orange light-rail line that connects Sellwood to downtown
Portland and the Oregon Health and Sciences University (OHSU) campus in
Portland’s South Waterfront.
 |
| Ira Virden |
The HFF investment sales
team representing the sellers was led by managing director Ira Virden and director Carrie
Kahn.
HFF also made a donation
back to the Boys & Girls Club of Portland to fund future programs.
“We were honored to have
been selected by the Boys & Girls Club of Portland to market their Sellwood
location.
"This was a high-profile
assignment locally, and a hotly contested process that attracted a lot of interest
from local and national developers.
"With
a combination of limited new apartment construction in Sellwood and continued
in-migration to the Portland market, we expect the new project to do extremely
well and be a big boost to the neighborhood,” said Virden.
For a complete copy of the company’s news release,
please contact:
Kristen M. Murphy
Director, Marketing
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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