FAIRVIEW, OR—CBRE has closed the sale of the Birtcher Center, a three building 397,934 square foot industrial complex located at Townsend Way in Fairview to Invesco Real Estate.
CBRE marketed the property on behalf of the seller, a fund managed by Cornerstone Real Estate Advisers. The property was on the market for just 45 days before a deal was finalized.
A collaborative team of CBRE professionals, including Brett Hartzell in Seattle, Stuart Skaug in Portland and Darla Longo in Oakland, CA, represented the seller in the transaction. The seller developed Birtcher Center on the 20.2-acre property that it purchased from Townsend Farms in 2007.
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