HFF Arranges Portland Medical Office Sale
- May 27, 2019
Following the arrangement of $1.25 billion sale of a 55-building portfolio sale, HFF has secured the sale of Tigard Medical Plaza, a 20,994-square-foot medical office building in Tigard, Ore. A private investor acquired the property for $14.5 million in a 1031 exchange. HFF worked on behalf of seller.
Built in 2005, the office and ambulatory surgery center is 100 percent leased as a strategic medical office and outpatient surgery center. Located on approximately 1.7 acres at 13200 S.W. Pacific Highway, near Interstate 5, the property offers convenient access to other medical facilities including Providence Laboratory, Providence Bridgeport Health Center and Legacy Hospital.
Managing Director Evan Kovac, Director Andrew Milne, Senior Associate Trent Jemmett and Analyst Maris Poyer were part of HFF’s national medical office capital markets team that represented the seller. Director Logan Greer provided local market expertise, while Managing Director Casey Davidson and Senior Director John Chun secured debt advisory services.