The San Diego-based real estate investment trust owns 7 shopping centers in Western Oregon, including three in the greater Portland area, two near Salem and one near Astoria. They include:
-Clackamas Promenade in Clackamas, Ore., a 430,004-sf center located in Clackamas County, Oregon. Major tenants at the center include a Sportsmart, Nordstrom's Rack and Pacific Linens. Other anchors in property not owned by Burnham include a 116,284-sf Target and a 77,870-sf Mervyn's.
-Young's Bay Plaza in Warrenton, Ore., a 93,776-sf neighborhood shopping center anchored by a 33,400-sf Rite Aid and a 25,684-sf Lamont's Apparel.
-Farmington Village in Aloha, Ore., a 105,247-sf neighborhood shopping center anchored by a 41,935-sf Albertson's and a 30,572-sf Bi-Mart, neither of which are in buildings owned by Burnham.
-Kaiser Creekside in Salem, Ore., a 104,208-sf center of which Burnham owns about 61,000 sf. A 42,269-sf Albertson's and a 31,472-sf Rite Aid anchor the center.
-Village East in Salem, Ore., a 220,926-sf center anchored by a 45,000-sf Albertson's not part of Burnham's ownership, as well as a 32,396-sf Ross Dress for Less, a 25,125-sf Border's Books and a 30,000-sf Bi-Mart.
-Silverton Plaza in Silverton, Ore., a neighborhood center anchored by a 35,470-sf Safeway and a 20,122-sf Rite Aid.
-Greenway Town Center in Tigard, Ore., a 93,100-sf neighborhood shopping center anchored by a 37,500-sf United Grocers, a 17,000-sf Rite Aid, and a 12,000-sf Hancock Fabrics.
Burnham Pacific says it had considered selling the company as a whole or reorganizing, but didn't receive adequate offer prices. Its other holdings are in Washington, California, Colorado, New Mexico, Utah, Texas, Minnesota, Illinois, Connecticut and Maryland.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
