Paul Markley Acquires Retail Center for $4.6M

VANCOUVER, WA-For $4.6 million, Markley Enterprises has acquired the 36, 030-sf Mountain View Village retail center on Southeast Mill Plain Boulevard in Vancouver. The center’s occupancy at the time of sale was 100%.

Markley, a Portland-based owner of retail and industrial properties in the Pacific Northwest, acquired the property through his company, Markley Enterprises. The seller is Northwest Real Estate Development Fund I, which once local source described as “a group of investors led by Louis Scherzer.”

Mountain View anchor tenants include Juan Colorado’s restaurant, Oregon Hot Springs Spas, Edward Jones and Domino’s Pizza, but its location was the real attraction. At 14415 SE Mill Plain Blvd., the Mountain View Village sits adjacent a 56.8-acre Evergreen Airpark, which Opus Northwest is preparing to redevelop into a mix of uses.