Beaverton shopping center sells for $15.7M

By: Hilary Dorsey//February 24, 2023//

Beaverton shopping center sells for $15.7M

Hilary Dorsey//February 24, 2023//

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Progress Square in Beaverton has sold for $15.7 million to V.H.R. Co. LLC. It was sold by Progress Square Partners Limited Partnership and represented by CPX.

Progress Square is located at 8610-8878 SW Hall Blvd.

The asset was initially purchased as a leasehold in 1992, but the sellers were able to acquire the underlying land in 2021. Progress Square boasts local and national tenants, over 60 percent of whom have resided in the asset for more than 20 years.

Located in a commercial hub adjacent to Washington Square, Progress Square benefits from strong commuter traffic and nearby freeway access providing direct access to downtown Portland.