Jan
11
ARA, Unico Snap Up Congress Center
ByThe 23-story structure designed by Skidmore, Owings & Merrill stands as the ninth-tallest building in Portland.
Congress Center, Portland, Ore.
Portland, Ore.—A partnership consisting of American Realty Advisors (ARA) and Unico Properties has taken ownership of Congress Center, a Class A office building located in the heart of Portland’s central business district. Financial terms of the transaction remained undisclosed.
HFF’s Nick Kucha and Michael Leggett negotiated the deal on behalf of the seller, San Francisco-based Shorenstein Properties. ARA and Unico were assisted by Tom Wilson and Erica Christensen at HFF in securing the acquisition loan through RBC Capital Markets…