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| Gresham Station Medical Plaza, Gresham, OR |
PORTLAND, OR, March 13, 2017 – Holliday Fenoglio Fowler,
L.P. (HFF) announced today that it has closed the $23.5 million sale of and
arranged the financing for Gresham
Station Medical Plaza, a 100,419-square-foot, four-building medical office
complex in the suburban Portland community of Gresham, Oregon.
 |
| Erica Christensen |
HFF marketed the property
on behalf of the seller, Westlake Realty Group, Inc., and procured the buyer,
Stockdale Capital Partners.
Additionally, HFF worked on behalf of the new owner to secure the acquisition
loan. HFF handled the sale of the
adjacent Gresham Station Shopping Center on behalf of Westlake in 2016.
 |
| Nick Kucha |
Gresham Station Medical
Plaza is located at 831 NW Council Drive, 862-894 NW Burnside Drive and
1851-1867 NW Civic Drive, near the Adventist Medical Center.
This location, southeast
of Portland, is adjacent to Gresham Station Shopping Center, Gresham City Hall
and the Civic Drive MAX station, and has a population of 243,000 people within
a five-mile radius.
Completed in 2004, the property is 77 percent
leased and is anchored by Adventist Health.
Additional tenants include DaVita HealthCare Partners Inc. and
Providence Health & Services. The
facility provides an array of services, including surgery, imaging, dialysis,
primary care, orthopedics, laboratory, physical therapy, dermatology,
dentistry, women’s health and pediatrics.
The HFF investment sales
team representing the seller was led by senior managing director Nick Kucha, managing director Evan Kovac, associate Andrew Milne and
analyst Trent Jemmett.
HFF’s debt placement team
representing the borrower was led by managing director Jeremy Womack and associate director Erica Christensen.
For a
complete copy of the company’s news release, please contact:
Kristen Murphy
Director, Public Relations
HFF | One Post Office
Square, Suite 3500 | Boston, MA 02109
tel 617.848.1572 | cell
617.543.4873 | www.hfflp.com
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