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| Pearl West Office Property, Portland, OR |
PORTLAND, OR –– Holliday
Fenoglio Fowler, L.P. (HFF) announced it has closed the sale of Pearl West, a
newly developed, 155,465-rentable-square-foot Class A office tower in Portland,
Oregon.
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| Nick Kucha |
Completed in 2016, Pearl
West is a LEED Gold-certified, mid-rise office tower that blends creative
office suites with high-street retail.
The property features 17,800-square-foot typical floorplates, parking
for 150 vehicles, storage for 87 bicycles and tenant shower and locker
facilities.
Currently, 89 percent leased, Pearl West is
home to tenants, including Wacom, Zoom+, Regus and Howard S. Wright. The property anchors the west side of
Portland’s Pearl District and is situated directly next to Interstate 405,
providing visibility to more than 120,000 vehicles per day.
Additionally, the property has a Walk Score®
of 98, a Transit Score® of 90 and a Bike Score® of 97 being located within a
quarter mile of more than 2,200 apartment units, 1.5 million square feet of
office space and more than one million square feet of retail space.
“HFF did an excellent job
identifying a buyer who recognized the value Pearl West has created for a
well-designed building in a prime Pearl District location,” said Walter Bowen, CEO, BPM Real Estate
Investments. “Pearl West will stand the
test of time for its innovative design and for the best-in-class tenants who
value office environments that feed creativity, innovation and hard work.”
The HFF investment sales
team representing the seller was led by senior managing director Nick Kucha and included director James Childress and associate Logan Greer.
For a complete copy of the company’s news release,
please contact:
Kristen M. Murphy
Director, Public Relations
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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