NAI Global Affiliates in Seattle and Vancouver, Wash., Broker Sale of 94,000 SF Kent Business Center
Killian Pacific, a commercial real estate development and investment company based in Vancouver, Wash., has purchased Kent Business Center, a 93,999 sf flex/industrial property in Kent, Wash., an area south of Seattle. More >
The Holt Distressed Property Fund has purchased Lot 1 at the Riverscape Development, a 1.5-acre parcel on the riverfront in the urban core. The lot is within the River District Urban Renewal Area at 2200 NW Front Avenue, and is designated for residential mixed-use development. More >
A team of NAI Norris, Beggs & Simpson brokers represented the seller in the acquisition leasing and $4.5 million sale of a 12,000 sf retail building in Hillsboro’s Tanasbourne area.
NAI NBS President Chris Johnson, Vice President MaryKay West, Vice President Denis O’Neill and Senior Real Estate Broker J.J. Unger represented the seller, Quattro Hillsboro LLC, in the sale.
The building is fully leased to two medical tenants, Aspen Dental and Concentra Health, who both recently signed 10-year leases after the seller retrofitted the building. It is in the heart of the Tanasbourne area, close to Highway 26, with excellent visibility and car traffic.
“Tanasbourne is one of the stronger retail submarkets in the Portland metro area, and this sale is a good indication that demand for well-located, stable retail product is there,” O’Neill said.
The Burnside Rocket, one of Portland’s most unique and sustainable buildings, has been sold.
San Marino Business Partners, LLC purchased the 16,233 sf mixed-use building at SE 11th and E. Burnside from Kevin Cavenaugh, a local developer and architect, for $2.8 million. NAI Norris, Beggs & Simpson Associate Vice President Robert Black represented both parties. More >
Earlier this summer, NAI Global announced that it has entered into an agreement with AuctionPoint to provide NAI agents with access to an online auction tool that empowers brokers to auction commercial properties online, under their name and brand. AuctionPoint realizes that the local broker is the key player in bringing together buyers and sellers, and is the first online auction platform built specifically for brokers. More >