With $3.75M Purchase of 23-Acre Truck Terminal Campus, Swift Transportation Will Remain in Troutdale
Swift Transportation has paid $3.75 million for a 23-acre truck terminal campus in Troutdale, opting to stay in Troutdale rather than relocate to another part of the metro area. NAI Norris, Beggs & Simpson Vice President Ken Boyko and Senior Vice President Jack McConnell represented the seller, Ilahie Holdings, LLC. More >
The sale of Block 296 at NW 21st and Raleigh has closed, paving the way for a mixed-use redevelopment anchored by New Seasons Market. NAI Norris, Beggs & Simpson President Chris Johnson and Vice President MaryKay West represented the seller, Con-way, Inc. Vice President Robert Black represented the buyer, C.E. John Company.
The 2-acre property, which includes a 36,000 sf warehouse that was built in 1952, is located between NW 21st and 22nd Avenues and Raleigh and Quimby Streets, and its redevelopment has been dubbed Slabtown Marketplace.
“Securing an anchor tenant such as New Seasons has been the goal of Con-way since the inception of this project, and having such an amenity will help catapult the remainder of the development,” Johnson said. More >
Geri Varvel, a longtime employee of NAI Norris, Beggs & Simpson, has taken on a new position as a Real Estate Broker, specializing in retail leasing and sales around the Portland metropolitan area.
Varvel most recently worked in brokerage support for NAI NBS. During her 12-year career with NAI NBS, she has worked in a variety of the company’s other departments, including property management accounting, loan servicing, market research and its transaction desk.
Varvel is a licensed real estate broker in Oregon and a member of the Commercial Association of Brokers (CAB) and the International Council of Shopping Centers (ICSC).
Join us on the third floor of the Bank of America Building in downtown Vancouver on August 27 for the Greater Vancouver Chamber of Commerce’s No Business After Hours – Up on the Roof. The event will feature live music, a photo booth and a chance to win some great prizes, and tropical attire is encouraged. Get more information and register for the event here. More >
Michael was most recently an Executive Vice President at Edison Properties, a diversified commercial real estate firm with holdings in Maryland, New Jersey and New York, where he led the operating, sales, and strategic matters for Edison’s primary business unit. Johnson has also served as Director of Operations and Marketing for Waterfront NY Realty Corp., a commercial development and management firm with more than 2 million sf of properties in three states.
Michael holds a bachelor’s degree from Bowdoin College and an MBA from Columbia University. He sits on the Columbia Business School Alumni Association of Oregon Executive Board and the Rachel V. Tess Productions (modern dance company) Advisory Board.
Adventist Health Exercises Purchase Option, Pays $2.38M for Vancouver’s Fisher’s Landing Medical Building
Adventist Health has purchased the 10,550 sf Fisher’s Landing Medical Building, 417 SE 164th Avenue, for $2.38 million. NAI Norris, Beggs & Simpson Vice President Tamara Fuller, CCIM, and Associate Vice President Pam Lindloff represented the seller, Allergy, Asthma and Dermatology Associates (AADA). Ted Gilbert and Molly Mink-Liston of Gilbert Brothers represented the buyer, Adventist Health. More >
REACH Community Development’s $3.9M Purchase of the Bronaugh Apartments Preserves 51 Units of Downtown Affordable Housing
REACH Community Development has paid $3.9 million for the 51-unit Bronaugh Apartments, a Section 8 affordable housing property at 1434 SW Morrison Street in downtown Portland. NAI Norris, Beggs & Simpson Vice President Robert Black represented REACH and the seller, Bronaugh Investors Oregon. More >
The $2.01 million sale of the former Vancouver City Hall in downtown Vancouver to Northwest Property Resources, LLC closed on April 15. NAI Norris, Beggs & Simpson Principal, Director of Vancouver Production Charlie Kleier and Associate Vice President Doug Bartocci represented the seller, Vancouver Public Schools. Northwest Property Resources plans to renovate the property for use as a multi-tenant office building. More >
When the Shoe Fits, Comfort Shoe Retailer with Three Vancouver Locations, Opening First Oregon Store at Beaverton’s Progress Ridge TownSquare
When the Shoe Fits, a locally-owned comfort shoe retailer with three locations in Vancouver, is opening its first store outside of Vancouver at Progress Ridge TownSquare in Beaverton.
The 1,628 sf store is expected to open in early June. NAI Norris, Beggs & Simpson Associate Vice President Pam Lindloff represented When the Shoe Fits in the lease with owner Gramor Development. Progress Ridge opened in 2011 at SW Barrows Road and SW Horizon Boulevard and is anchored by New Seasons Market and Cinetopia. More >
NAI Norris, Beggs & Simpson’s First Quarter reports on the Portland commercial real estate market are out, and all property types showed gradual improvement. See below for summaries, or view the full reports here. More >