Hillsboro, Ore. — Newmark has arranged the sale of The Streets of Tanasbourne, a 371,791-square-foot shopping center located in Hillsboro. Nicholas Bicardo, Nick Kucha and Cheyne Bloch brokered the sale on behalf of the undisclosed seller. Balboa Retail Partners purchased the property. Macy’s, H&M, REI and Sephora anchor the center, which was 93 percent leased at the time of sale.
Medford, Ore. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has arranged the $6.1 million sale of Jackson Creek Center, a 84,610-square-foot shopping center located in Medford. Albertson’s anchors the property, which was 93 percent occupied at the time of sale. Other tenants at the center include Oregon Internal Medicine, West Main Spirits, Ace Force One, El Arriero, Subway, UScellular and Wells Fargo. Bill Rose of IPA represented the seller, Citivest Commercial Investments, in the transaction. Adam Lewis is Marcus & Millichap’s broker of record in Oregon.
Beaverton, Ore. — Hyperion Realty Capital has purchased Beaverton Town Square in Beaverton, approximately 8 miles west of Portland. The shopping center, which is anchored by Trader Joes, comprises 103,000 square feet and multiple buildings. Kevin Adatto and Sean Tufts of CPX arranged the sale of the property on behalf of the seller, a family.
Beaverton, Ore. — Gantry has secured $61 million of permanent, long-term financing in the form of a 10-year loan for Cedar Hills Crossing, a 477,000-square-foot retail center located in Beaverton, seven miles outside of Portland. Blake Hering and Heather Kegler of Gantry arranged the financing, which featured a 12-month forward rate lock, on behalf of the borrower, C.E. John Company Inc. An undisclosed life company provided the loan. The shopping center is anchored by tenants including WinCo Foods, New Seasons Market, Ross Dress for Less, Office Depot and Best Buy …
Tigard, Ore. — Norris & Stevens has brokered the sale of Barrows Plaza, a retail center located at 14200 and 14250 SW Barrows Road in Tigard, a suburb of Portland. OPI Aloha LLC & RYL Court LLC acquired the asset for $4.7 million. Constructed in 1998, the 7,999-square-foot shopping center is situated on 1.1 acres. The one-story property has a history of long-term tenancy, with over 50 percent of the space occupied by the same tenants since 1998 and 1999. Todd VanDomelen of Portland-based Norris & Stevens represented the buyer, …
Bend, Ore. — Hanley Investment Group Real Estate Advisors has completed the break-up of Bend River Village, a Petco-anchored shopping center located in Bend. Two parcels of buildings at the center were sold for a combined $12.2 million. In the first transaction, a two-tenant retail pad occupied by Aspen Dental and America’s Best Contacts & Eyeglasses was acquired by a private 1031 exchange buyer from Newport Beach, California. The 7,501-square-foot building was sold by a developer based in Sun Valley, Idaho, for $5.4 million. Beau Velten, Jeff Lefko and Bill …
Medford, Ore. — BridgeCore Capital has provided $2.6 million in acquisition financing for a Barnes & Noble property in Medford. The fixed-rate financing features a 70 percent loan-to-purchase value and a 12-month term. The undisclosed borrower in the transaction was acting in a 1031 exchange. Further details on the property were undisclosed.
Hillsboro, Ore. — Pine Tree, in partnership with a U.S. state pension fund, has purchased Sunset Esplanade, a neighborhood retail center in Hillsboro, about 19 miles from Portland, for $65.9 million. Target, Safeway, Ross Dress for Less, Petco and Starbucks Coffee are tenants at the 269,710-square-foot shopping center, which is located along SE Tualatin Valley Highway. Faris Lee Investments brokered the transaction. The name of the seller was not released.
Baker City, Ore. — Faris Lee Investments has arranged the $7.3 million sale of a single-tenant, 48,239-square-foot Albertsons in Baker City. The tenant had approximately 15 years remaining on its absolute triple-net lease. Chris DePierro, Jeff Conover and Scott DeYoung of Faris Lee Investments represented the Orange County-based seller in the transaction. The buyer was not disclosed. The Albertsons grocery store is located adjacent to Interstate 84. Other national tenants in this area include McDonald’s, Safeway, Rite Aid, Bi-Mart, Shell and Subway. Faris Lee targeted buyers based in the Pacific …
West Linn, Ore. — Avison Young has arranged the sale of a single-tenant retail building located at 1855 Blankenship Road in the Portland suburb of West Linn. A Portland-based private investor acquired the property for $6 million from a court-appointed receiver. Parkrose Hardware occupies the 47,451-square-foot property, which is the anchor tenant to River Falls Plaza, on a 10-year, long-term lease. Chris Maling and David Maling of Avison Young, along with Denis O’Neill of Colliers International, represented the seller in the deal.
