PORTLAND, OR—Seattle-based investment firm Meriwether Partners has paid $10.6 million to acquire four floors in the Gregory Lofts Condominiums.
The deal encompasses around 32,000 square feet of retail and office space in the 12-story building, according to a report in the Portland Business Journal. The upper floors of the building located in the Pearl District at 425 N.W. 10th Ave. are residential condos, controlled by the condo association.
CRE secured $6.6 million in financing for the project from NBS Financial Services. Meriwether formed Gregory Pearl LLC to hold the asset.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
