Western Real Estate Business magazine covers the multifamily, retail, office, healthcare, industrial and hospitality sectors in the Western United States.
Issue link: https://westernrealestatebusiness.epubxp.com/i/888015
C A L I F O R N I A & H A WA I I 24 • October 2017 • Western Real Estate Business www.REBusinessOnline.com PA C I F I C N O R T H W E S T PORTLAND OFFICE PORTFOLIO SELLS FOR $32.2 MILLION PORTLAND, ORE. — A two-building office portfolio in Portland has sold to NBP Capital for $32.2 million. The acquisition includes Blagen Block, a four-story creative office building, and New Market Theater, a six-story office building. Blagen Block was built in 1888. It is fully leased to Airb- nb. New Market Theater was built in 1872 and 1875. It is home to Portland's long-standing Saturday Market. Swift Real Estate Partners acquired both buildings from Beardsley Building Development in 2015. The company invested significant capital into mod- ernizing and upgrading the buildings. CBRE's Charles Safley and Trevor Ka- foury represented both parties in the transaction. The firm's Nick Santan- gelo, Mike Walker and Brad Zampa secured $26.7 million in acquisition financing for the buyer. ROOFLIFTERS USA RAISES ROOF AT DIMOND MALL IN ANCHORAGE FOR NEW DAVE & BUSTERS ANCHORAGE, ALASKA — Rooflifters USA has completed a 25,200-square- foot roof raising that will allow Dave & Busters to open at the Dimond Mall in Anchorage. The mall modified the space and raised the roof about six feet. The larger height allows tenants like movie theaters, big box retailers and climbing wall facilities to occupy spaces that most traditional retail lo- cations are unable to initially accom- modate. The actual roof raising was done overnight. It's part of a massive reconfiguration for the Dimond Cen- ter remodel and expansion project. The 44,000-square-foot Dave & Bust- er's is slated to open in 2018. West Jojo Yap Chief Investment Officer (312) 344-4328 jyap@firstindustrial.com A blank slate means no limits. As a leading provider of industrial real estate, First Industrial Realty Trust brings to the table top-flight development capabilities and the resources of an investment-grade public company to help businesses stay ahead of their rapidly evolving real estate needs. With well located, fully permitted development sites and local experts in the nation's top industrial markets, First Industrial can help companies customize and build their ideal logistics home. firstindustrial.com The facility is fully leased as medical offices, day surgery, on-site diagnostic imaging, and laboratory centers. BENTALL KENNEDY BUYS OREGON CLINIC GATEWAY MEDICAL OFFICE BUILDING IN PORTLAND PORTLAND, ORE. — Bentall Kennedy has purchased the Oregon Clinic Gateway Medical Office Building in Portland for an undisclosed sum. The 101,299-square- foot building is located at 1111 NE 99th Ave. It was built in 2006. The facility is fully leased as medical offices, day surgery, on-site diagnostic imaging, and laboratory cen- ters. This is the firm's first medical office building invest- ment in Portland. UPCOMING STORIES NOVEMBER REIT Feature Green/Sustainability Trends San Diego Office Trends DECEMBER Legal Feature What to Expect in 2018 EDITORIAL OPPORTUNITIES: Nellie Day nday@francemediainc.com ADVERTISING OPPORTUNITIES: Scott France scott@francemediainc.com