HFF closes $24.5 million sale of 3-building office park in Hillsboro, Oregon
PORTLAND, OR– July 5, 2017 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has closed the $24.5 million sale of Sunset Corporate Park, a three-building, Class A suburban office park located in Hillsboro, Oregon.
HFF marketed the property on behalf of the seller and procured the buyer, Swift Real Estate Partners.
Sunset Corporate Park is located adjacent to Intel’s $3 billion Ronler Acres Campus at 22823, 22845 and 22867 NW Bennett Street in Portland’s Silicon Forest area. The property is two miles from Orenco Station (Hillsboro’s urban town center) and has freeway visibility along Highway 26. Completed in 1999, the property is 92.5 percent leased to tenants, including LAIKA, Volkswagen, Nikon, SCREEN, first insight and CHS+. The property also includes 6.85 acres of developable land.
The HFF investment sales team representing the seller was led by senior managing director Nick Kucha and associate Logan Greer.
Holliday Fenoglio Fowler, L.P., HFF Real Estate Limited (collectively, “HFF”), HFF Securities L.P. and HFF Securities Limited (collectively, “HFFS”) are owned by HFF, Inc. (NYSE: HF). HFF and its affiliates operate out of 24 offices and are a leading provider of commercial real estate and capital markets services to the global commercial real estate industry. HFF, together with its affiliates, offers clients a fully integrated capital markets platform including debt placement, investment sales, equity placement, funds marketing, M&A and corporate advisory, loan sales and loan servicing. For more information please visit hfflp.com or follow HFF on Twitter @HFF.