SKB Closes On Mixed-Use Uptown Development

PORTLAND-Portland-based ScanlanKemperBard Cos. closed on its first Portland purchase late last week, paying $20.76 million for Uptown Shopping Center, a residential and retail development at 23rd and Northwest Burnside that includes a fully leased 72,000 sf shopping center, 47 apartment units and a “potentially developable pad” of about 55,000 sf.

SKB acts as a fiduciary for approximately 225 investors representing more than $115 million in real estate investment. Since 1996, the firm has acquired 35 projects in the Western United States with an aggregate value of approximately $540 million.