JLL closes $10.75 million sale of Portland, OR-area medical office plaza

Wilsonville Medical Plaza is a 24,057-square-foot medical office building in the Portland-area community of Wilsonville, OR

Maria Poyer

SEATTLE, OR – JLL announced it has closed the $10.75 million sale of Wilsonville Medical Plaza, a 24,057-square-foot medical office building in the Portland-area community of Wilsonville, Oregon.

Evan Kovac

JLL marketed the property on behalf of the seller. A private investor in a 1031 exchange emerged through a highly competitive sale process and purchased the medical office property in an all-cash transaction.

Constructed in 2009, Wilsonville Medical Plaza serves as a strategic outpatient medical center for both Providence Health (Moody’s: Aa3) and Sports Medicine Oregon (SMO). 

The building is located on 2.25 acres at 29345 SW Town Center Loop approximately 15 miles south of downtown Portland in Wilsonville, an affluent community that is the fastest-growing suburb of Portland and the third fastest-growing city in Oregon.

 The property is strategically positioned for easy access and visibility from Interstate 5, the prominent north-south freeway that connects Portland to Salem. 

Andrew Milne

Within a mile of Wilsonville Medical Plaza, there are three well-regarded senior living communities, Brookdale Wilsonville, The Springs at Wilsonville and Portera at the Grove.

The JLL Capital Markets team representing the seller was led by Managing Director Evan Kovac, Directors Andrew Milne and Logan Greer, Senior Associate Trent Jemmett and Analyst Maria Poyer.

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. 

Logan Greer

The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment advisory, debt placement, equity placement or a recapitalization. 

The firm has more than 3,700 Capital Markets specialists worldwide with offices in nearly 50 countries.

Trent Jemmett 

For more news, videos and research resources on JLL, please visit the firm’s U.S. media center Web page: U.S. newsroom.

  

Deal secured by Holliday Fenoglio Fowler LP (“HFF”) prior to being acquired by JLL on July 1, 2019. Co-brokerage services provided by Jones Lang LaSalle Americas, Inc.

About JLL

JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. 

JLL is a Fortune 500 company with annual revenue of $16.3 billion, operations in over 80 countries and a global workforce of nearly 92,000 as of June 30, 2019. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. 

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