Park Square property sells for $94.35 million

By: Chuck Slothower//November 17, 2016//

Park Square property sells for $94.35 million

Chuck Slothower//November 17, 2016//

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The two-building Park Square Campus at 100 S.W. Market St. has sold for $94.35 million. (Sam Tenney/91视频)

A property converted into creative office space has sold for $94.35 million 鈥� the latest high-dollar sale in Portland’s active market.

The asset, known as the Park Square campus, comprises two buildings and 295,767 square feet at 100 S.W. Market St.

Built in 1969 and 1983, Park Square has two midrise towers that in 2015 were transformed into creative-office buildings.

Holliday Fenoglio Fowler LP (HFF) marketed the property on behalf of New York-based Clarion Partners LLC, while acting as an adviser to a separate account client.聽A separate account client advised by CBRE Global Investors purchased the asset and was assisted by HFF in securing a fixed-rate acquisition loan from Deutsche Bank.

The HFF investment sales team representing the sellers was led by senior managing directors Nick Kucha and Michael Leggett.

HFF’s debt placement team was led by managing director Casey Davidson.

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