A three-building portfolio in the heart of Southeast Division Street’s commercial district has sold for $28.75 million.

SENTRE, based in San Diego, purchased the mixed-use buildings at 3330, 3339 and 3360 S.E. Division St. The buildings include 93 residential units and nine retail spaces totaling 12,350 square feet. Retail tenants include Salt & Straw and St. Honoré Boulangerie.

The seller was an entity associated with Urban Development + Partners, the Portland developer of the properties.

SENTRE said it will rebrand the buildings as Anthology on Division and will invest $1 million in interior and exterior renovations.

“Southeast Portland is a vibrant, growing neighborhood and the epicenter of the city’s culinary scene,” Doug Arthur, president and CEO of SENTRE, said in a news release. “SENTRE looks forward to investing in the neighborhood by creating an authentic live, work and play environment at Anthology on Division for the new generation of professionals settling in the area.”

The purchase was SENTRE’s second in Portland after picking up The Thornton on Northwest Overton Street last year.

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A local developer has sold a Northwest Portland apartment complex to a San Diego investment firm for $25.5 million.

The 123-unit Tess O’Brien Apartments at 1953 N.W. Overton St. were sold to SENTRE by Kehoe Northwest Properties.

The purchase is SENTRE’s first in Portland, said CBRE broker Graham Taylor, who represented the seller.

The sale equates to $631 per square foot. Effective rents at the property exceeded $3.50 per square foot, according to CBRE. The all-studio development brought a price of $207,000 per unit.

Developer Marty Kehoe, who named the project after his youngest daughter, completed the six-story pair of buildings in December 2016. The buyer plans to improve unit interiors and common-area spaces, according to CBRE.

In November, Kehoe agreed to purchase the Wapato jail facility from Multnomah County. Kehoe said at the time a client was interested in using the property for distribution of medical devices.

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