JLL Secures 133 KSF Portland Office Sale
ByJLL worked on behalf of the tenant, Deutsche Asset Management, for the sale of a 133,000-square-foot office building located at 1417 NW Everett, Portland, Ore. Deutsche Asset Management purchased the property from the owner and developer, Gerding Edlen, for an undisclosed price. Buzz Ellis, managing director, and Paige Morgan, executive vice president, led the JLL team on the transaction. Back in April, Deutsche Asset Management sold the $33 million 1776 On The Green, a 150,000-square-foot office tower in Morristown, N.J.
THREE-PARTY TRANSACTION
Built in 1927, originally designed by Sutton & Whitney, the office building was renovated back in 2010 by a collaboration between GBD Architects and Ankrom Moisan Architects. Located at 1417 NW Everett St., the development offers convenient access to interstates 5 and 405, as well as Highway 26. The LEED Platinum-certified building includes a 160,000-gallon reclaimed water cistern, a 125-kW solar array and a total of 78 parking spaces…
