PORTLAND, OR—Woodside Palisades Partners, a venture of Joaquin de Monet of Palisades Capital Realty Advisors and two Silicon Valley investors, says its two class A office buildings at 9500 and 9600 N.E. Cascades Parkway, are exceeding investor expectations due to a seamless operational transition of the property and attractive financing.
The properties are located in Cascade Station, a mixed-use development at the gateway to Portland International Airport.
The 4.5%, interest-only financing of the buildings—Cascade Station I and II— is contributing to the current 13.9% return on investment. They are the first investment made by Woodside Palisades Partners, which is targeting income-producing, quality core-plus assets with opportunities to add value in high-growth, suburban Western markets with strong yields and capital appreciation.
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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.
