Vista Investment Goes Shopping in Portland Market
ByVista Investment Group has purchased the U.S. Customs House, a 67,000-square-foot building located in Portland, Ore. Eastern Real Estate sold the asset for $30 million. This transaction marks Vista’s latest acquisition of historic buildings located in urban neighborhoods. JLL’s Executive Vice President Paige Morgan, along with Managing Director Buzz Ellis and Senior Vice President Peter Furest, led the JLL team on the sale.
“With its distinctive architecture, large floor plates and high-volume interiors, The U.S. Customs House is an irreplaceable building in the Pearl District of Portland and we consider it one of the jewels in our portfolio,” Vista President Jonathan Barach, said in a statement. “Residential and office users alike appreciate the authentic experience that these historic buildings offer and we continue to look for opportunities throughout the West Coast for these types of assets.”…
