Bentall Kennedy Enters Portland MOB Market
ByBentall Kennedy Limited Partnership purchased The Oregon Clinic Gateway Medical Office Building in Portland, Ore., on behalf of its U.S. core fund. The 101,299-square-foot asset marks the firm’s first medical office building investment in Portland, bringing its U.S. portfolio of managed MOBs to 23 properties and 1.8 million square feet. CBRE represented the seller, The Oregon Clinic Gateway Medical Office Building LLC, which executed a lease with Bentall Kennedy.
STRONG TENANTS
Located on a one-acre parcel at 1111 N.E. 99th Ave. in the Gateway District of Portland, the Class A, LEED Gold-certified facility includes space for medical offices, day surgery, on-site diagnostic imaging and laboratories, as well as 3,000 square feet of retail. The three-story building was originally constructed in 2006 and was fully leased at the time of the transaction…
