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Tigard Medical Plaza has sold to a private investor for $14.5 million.

The 20,994-square-foot facility has been purchased via a 1031 exchange, according to Holliday Fenoglio Fowler, which represented the seller.

The building is located at 7300 S.W. Childs Road, on 1.74 acres west of Interstate 5. The plaza was completed in 2005; it’s now fully leased to the Oregon Outpatient Surgery Center and Sports Medicine Oregon.

HFF declined to identify the buyer and seller. Sale information was not yet available from Washington County. The county listed the former owner as ESG Investments, a limited liability company that lists Jonathan Greenleaf of Tigard and Richard Edelson of Portland as members.

HFF managing director Evan Kovac, director Andrew Milne, senior associate Trent Jemmett and analyst Maria Poyer represented the seller. Director Logan Greer provided local market expertise. Managing director Casey Davidson and senior director John Chun provided debt advisory services for the transaction.