PORTLAND, OR—HFF has closed the $35.35 million sale of and secured $25.51 million acquisition financing for a 96,250-square-foot, mid-rise office building located at 2100 Southwest River Parkway in Portland's Central Business District.
The seller is Clarion Partners, and the buyer is BDC Advisors, who purchased the property free and clear of debt. HFF secured a seven-year, fixed-rate acquisition loan on behalf of the new owner through a regional bank.
2100 Southwest River Parkway is located in the south end of the Portland CBD on the Willamette River adjacent to the southernmost part of Waterfront Park and less than a mile southeast of downtown. The eight-story, class A office building was completed in 1995 and is fully-leased to two tenants. The property is half a block from the nearest light rail station and is easily accessible via other transit options including the Portland Street Car and Trimet bus lines. 2100 Southwest River Parkway also offers three levels of on-site parking consisting of 176 stalls.
The HFF investment sales team representing the buyer was led by director Nicholas Kucha and senior real estate analyst James Childress.
The HFF debt placement team representing the buyer was led by managing director Casey Davidson and senior real estate analyst Erica Christensen.
Clarion Partners has been a leading U.S. real estate investment manager for 33 years. Headquartered in New York, Clarion Partners has offices in major markets throughout the US and interntaionally.
BDC Advisors, founded by Walter Bowen, who owns several real estate and investment firms, whose activities are focused in the Northwest.
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