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| Park Square Campus, South Central Business District, Portland, OR |
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| Nicholas Kucha |
PORTLAND, OR –– Holliday
Fenoglio Fowler, L.P. (HFF) announced it has closed the $94.35 million sale and
arranged $42.4 million in financing for Park
Square Campus, a 295,767-square-foot, two-building creative office campus
that anchors Portland’s South CBD.
HFF marketed the property
on behalf of New York-based Clarion Partners, LLC, acting as an advisor to a
separate account client. A separate
account client advised by CBRE Global Investors purchased the asset and was assisted
by HFF in securing a fixed-rate acquisition loan through Deutsche Bank.
Originally built in 1969
and 1983, Park Square Campus’ two mid-rise towers were converted in 2015 into
creative office buildings that integrate indoor and outdoor amenity space for
work and play.
Property amenities include
the communal Great Room, an abundance of natural light, outdoor dining spaces
with fire pits, showers, lockers and bicycle storage.
Situated on 1.75 acres at 100 SW Market in
downtown Portland, Park Square Campus boasts a Walk Score© of 94, a Bike Score©
of 91 and a Transit Score© of 94.
Additionally, the 97.5-percent-leased property has been awarded an
Energy Star rating of 100.
The HFF investment sales
team representing the sellers was led by senior managing directors Nick Kucha and Michael Leggett.
HFF’s debt placement team
was led by managing director Casey
Davidson.
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 | hfflp.com
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