Dec
14
CH2M Center Lands Hefty Recapitalization
ByThe 10-story office tower offers a mix of traditional and creative space, with views of downtown Portland. The building is 87 percent leased to nine tenants.
ScanlanKemperBard Cos. has recapitalized the $65 million CH2M Center, a 226,815-square-foot, Class A office tower in Portland’s South End Innovation District.
HFF secured $44.2 million in financing for the disposition and recapitalization. The company represented SKP, with funds managed by Oaktree Capital Management L.P., and secured a 10-year, fixed-rate loan through Wells Fargo for the new partnership…