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ScanlanKemperBard, a real estate merchant bank based in Portland, has purchased Parkway Woods Business Park, in Wilsonville, for $32.3 million.

The property has 390,233 square feet of office, production and manufacturing space on 88.28 acres east of Interstate 5.

Parkway Woods is 79.5 percent leased to Xerox, 3D Systems, Dealer Spike and the Tualatin Valley Water District. The offices are in a single story and offer ample parking, with 3.3 spaces per 1,000 rentable square feet.

Newmark Knight Frank arranged $36.1 million in acquisition financing from Bridge Investment Group on behalf of SKB.

鈥淏ridge understood the Portland industrial market dynamics and shared SKB’s belief in the city’s attractive long-term secular growth trends driven by its accessibility to transit, a growing amenity base and meaningful amount of high-quality residential development,鈥� NKF Vice Chairman Ramsey Daya stated in a news release.

Daya, Senior Managing Director Chris Moritz and Associate Director Stephen Scarpulla of NKF’s Debt and Structured Finance team in the San Francisco office executed the financing on behalf of SKB.

Information on the seller was not immediately available.

The property, 26600 S.W. Parkway Ave., previously sold for $32.7 million in December 2015, according to Clackamas County records.

CBRE is representing Parkway Woods leasing. The brokerage was advertising 106,050 square feet available for lease, divisible to 50,000 square feet.