Tigard Corporate Center change hands
JLL’s Capital Markets has secured the sale of Tigard Corporate Center buildings A,B and C. They are located in Portland, Oregon.
Built in 2000, Tigard Corporate Center includes 694 parking spaces. The two story buildings added more than 123,000 square feet of Class A office space to Meriwether Partners’ portfolio. The assets offer convenient acces to various medical office buildings.
The properties are 100 percent leased to two tenants, Rocky Mountain Cancer Center LLC and Consumer Cellular Inc. Also, Compas Oncology signed a ten year lease on Building A. It is currently developing an oncology center at the property.
JLL Capital Markets Managing Director Paige Morgan said, “Tigard Corporate Center presented an opportunity for investors to purchase a trio of well maintained, institutional quality office assets, 100 percent leased on a triple-net basis, with long-term income security.”
Tigard Corporate Center was built with 100% union labor and is conveniently located between I-5, Highway 99 and Highway 217 in Tigard, Oregon. The infrastructure for the project was completed in partnership with the City of Tigard and financed through a local improvement district that Specht worked with the City to form.
Source: CP Executive
Fulya Altunyay/ [email protected]