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| American Bank Building, 621 SW Morrison Street, Portland, OR |
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| Nick Kucha |
Additionally, HFF worked on behalf of the new partnership to secure $41.7 million in financing.
Working on behalf of SKB,
HFF recapitalized the property with Lionstone Investments and arranged a
four-year, floating-rate loan through CIT Bank for the new partnership.
Originally built in 1914,
the American Bank Building is a 15-story historic creative office building at
621 SW Morrison Street. Prominent
tenants at the 61.1-percent-leased building include Wells Fargo and The
Department of Justice.
Boasting a Walk, Transit
and Bike® Score of 99, 96 and 96 respectively, the property fronts the CBD’s
core transit mall, Pioneer Square, and offers connectivity to all four MAX
light rail lines and numerous bus stops at its front door. Additionally, streetcar service is only three
blocks from the property.
The HFF investment sales
team advising on the disposition and recapitalization was led by senior
managing director Nick Kucha.
HFF’s debt placement team
was led by senior managing director Tom Wilson and managing director Colby Mueck.
For a
complete copy of the company’s news release, please contact:
Olivia Hennessey
Public Relations
Specialist
HFF | 9 Greenway Plaza,
Suite 700 | Houston, Texas 77046
tel 713.852.3403 | fax
713.527.8725 | www.hfflp.com
