91视频

A 74,878-square-foot retail complex in Wilsonville has sold for $25 million.

MOB Investments Inc. paid cash for Village @ Main Street. This was the first time the commercial center, constructed in 1999, was offered for sale, CBRE stated in a press release.

Joey Blatner, Wes Bochner and Megan Wallachy聽of CBRE Northwest Retail Capital Markets represented the seller, Village Commercial LLC, in the transaction.

鈥淭he property鈥檚 sole owners developed and held the center for more than two decades but sought capital to fund their other investments,鈥� Blatner stated in the press release. 鈥淒espite market challenges, our team leveraged its contacts and creativity to seek a buyer interested in a value-add opportunity.鈥�

Village @ Main Street is located at 8309-8699 S.W. Main St., slightly east of Interstate 5, between Town Center Loop West and Rebekah Street. The center is adjacent to Village @ Main Street Apartments.

The complex has 12 buildings in a campus-style layout with 1,875 lineal feet of frontage along Southwest Wilsonville Road. The property was 91 percent occupied at the time of sale; the 20 tenants represent a mix of local, regional and national retailers, including Red Robin, Jimmy John鈥檚, Gentle Dental, Arthur Murray Dance Studios, and Mattress Firm.