Chuck Slothower//February 6, 2020//

A nine-building office and flexible business campus in Hillsboro has been sold to a California-based real estate investment firm.
AmberGlen Business Center comprises 578,808 square feet in three class-A midrise office buildings and six single-story flex structures. The buyer, PCCP LLC of Los Angeles, represented itself. The firm is partnering with Talon Private Capital as joint venture operating partner.
The seller, Principal Real Estate Investors, part of Principal Global Investors of Des Moines, Iowa, was represented by Newmark Knight Frank. The purchase price was not disclosed.
“Buyers are very thoughtful when selecting suburban office investments,” Newmark Knight Frank Vice Chairman Nick Kucha stated in a news release. “AmberGlen Business Center offers the scale, quality and exceptional location that generated significant interest from a number of qualified parties.”
The office portfolio is located near the Nike campus and the Intel campus in the Sunset Corridor southwest of Portland.
In addition to Kucha, Managing Director James Childress, Director Jeff Hodson and Senior Financial Analyst James Ikeguchi served as advisers.