Oregon

Avison Young Brokers $6 Million Sale of Single-Tenant Retail Property in Suburban Portland

by Julia Sanders April 15, 2021

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.

April 15, 2021

Company news News Oregon Retailers

Nike’s Online Sales Jump 82 Percent Resulting in $10.6B in Quarterly Revenue

by Alex Tostado September 28, 2020

Beaverton, Ore. — Nike Inc. (NYSE: NKE), the Beaverton-based footwear giant, has reported its revenues were $10.6 billion for its 2021 fiscal first quarter, which ended Aug. 31. The revenue represents a decrease of 1 percent from the same period in 2019, with its direct sales at $3.7 billion, up 12 percent, and Nike Brand digital sales swelling by 82 percent. The digital sales growth resulted from e-commerce increases across North America, Greater China, Asia Pacific, Latin America, Europe, the Middle East and Africa. According to the company, its first-quarter …

September 28, 2020

Investment sales News Oregon Retailers

Neville & Butler Commercial Brokers Sale of 47,000-Square-Foot Former Toys ‘R’ Us in Salem, Oregon

by Alex Tostado April 15, 2020

Salem, Ore. — Neville & Butler Commercial Real Estate has brokered the sale of a retail building located in Salem. Raider Hill Advisors sold the asset for an undisclosed price. Located at 1200 Lancaster Drive NE, the former Toys “R” Us property features 47,000 square feet of retail space. Steven Neville and Natalie Butler of Neville & Butler Commercial Real Estate represented the seller in the deal. The name of the buyer was not released.

April 15, 2020

Entertainment Investment sales Mixed-use News Oregon Retailers

Marcus & Millichap Negotiates $6.2 Million Sale of Broadway Town Square Mixed-Use Asset in Oregon

by Alex Tostado March 24, 2020

Salem, Ore. — Marcus & Millichap has negotiated the sale of Broadway Town Square, a mixed-use property located at 1127 Broadway St. NE in Salem. A limited liability company sold the property to an undisclosed buyer for $6.2 million. The sale included two condominiumized, multi-story buildings connected by a skybridge totaling approximately 38,056 square feet of rentable space and the underlying 1.57-acre lot. Developed in 2009 by Telos Development Co., the property features 21 multifamily units, seven retail/office suites and Salem Cinema, a three-screen independent theater. Sean Houser and Will …

March 24, 2020

Investment sales Malls News Oregon Retailers

Overbay Development Co. Sells Wagner Mall, Pinebrook Plaza in Bend, Oregon

by Alex Tostado July 19, 2019

Bend, Ore. — Overbay Development Co. has completed the disposition of Wagner Mall and Pinebrook Plaza, two shopping centers located in Bend. Western Pacific Holdings acquired the both assets for an undisclosed price. Located at 1800 NE Third St., Wagner Mall features 108,818 square feet of retail space, including Albertsons, Rite Aid and Aaron’s as tenants. The Wagner Mall sale include the mall, large box spaces and the surrounding pad sites, totaling 9.35 acres. Located at 61155 Highway 97, the 59,509-square-foot Pinebrook Plaza is currently home to Albertsons and other …

July 19, 2019

Investment sales News Oregon Retailers

Hone Investments Sells Walgreens-Occupied Property in Central Oregon for $5.7 Million

by Alex Tostado July 12, 2019

Cottage Grove, Ore. — Hone Investments has completed the disposition of a retail asset located at 1074 E. Main St. in Cottage Grove in Central Oregon. West Plaza LLC bought the property for $5.7 million. Walgreens occupies the 14,820-square-foot retail property with 15 years remaining on its existing long-term lease. Jon Busse and David Kotansky of Colliers International San Diego Region represented the seller, while Jeff Miller of First Commercial Real Estate Services represented the buyer in the deal.

July 12, 2019

Investment sales News Oregon Retailers

Weingarten Realty Sells 97,147-Square-Foot Oak Grove Market Shopping Center in Oregon

by Alex Tostado June 25, 2019

Milwaukie, Ore. — Weingarten Realty has completed the disposition of Oak Grove Market, a four-building shopping center located at 15003-15121 SE McLoughlin Blvd. in Milwaukie. Clackamas Federal Credit Union acquired the 97,147-square-foot asset for an undisclosed price. The buyer plans to occupy the 53,000-square-foot former Safeway space at the property, which was built in 1991 by Gramor Development. Additional tenants include Five Guys, Baxter’s Auto Supply, Bank of America, Panda Express, Credit Concepts and Gentle Dental. Todd VanDomelen and Timothy Pfeiffer of Norris & Stevens represented the buyer, while Connelly …

June 25, 2019