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Buyer in Hand for University Property

PORTLAND, OR-The 40-acre property in Hillsboro is home to 15 buildings totaling 270,000 sf. The sale price is said to be close to the $44-million asking price.

By Brian K. Miller | Updated on October 26, 2006

PORTLAND, OR-Oregon Health & Science University has agreed to sell the Oregon Graduate Institute campus in Hillsboro to an undisclosed buyer for close to the $44-million asking price. The 40-acre property is home to 15 buildings totaling 270,000 sf, the largest of which is the 85,000-sf Bronson Creek office building.

The sale agreement was discussed at a public meeting of the University’s board of directors this week, an OHSU spokesperson confirmed. The sale is slated to close before the end of the year. The name of the seller was not disclosed due to a confidentiality agreement, according to the spokesperson.

Oregon Graduate Institute and its campus were folded into OHSU’s School of Science and Engineering five years ago. The OGI campus was listed for sale because the School of Science and Engineering eventually will be relocated to land OHSU owns in Portland’s South Waterfront redevelopment area.

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