HFF closes $28.5 million sale of downtown Portland creative office building
PORTLAND, OR – August 1, 2017 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has closed the $28.5 million sale of Sixth at Yamill, a 109,725-square-foot, creative office building in Portland, Oregon.
HFF marketed the property on behalf of the seller, Swift Real Estate Partners. KBSRA Sixth at Yam, LLC, a joint venture between True North and KBS, purchased the asset in an off-market transaction.
Sixth at Yamhill is situated at 811 Southwest Sixth Avenue at the high-foot-traffic, high-visibility corner of Southwest Yamhill Street and Southwest Sixth Avenue in downtown Portland. The 11-story building was renovated in 2016 and offers completely re-imagined creative office space with 9,600-square-foot floor plates overlooking Portland’s living room – Pioneer Courthouse Square. Sixth at Yamhill’s core location provides access to light rail, buses, parking garages and is surrounded by luxury boutique hotels and restaurants. During its ownership, Swift completed a major lobby remodel, repositioned floors three through 11 to creative shell, established a common indoor-outdoor tenant patio on the fourth floor, added basement bike parking and secured the high-end boutique Water Ave Coffee Shop as a retail amenity.
The HFF investment sales team representing the seller was led by senior managing director Nick Kucha, director James Childress and associate Logan Greer.
About Swift Real Estate Partners
Swift Real Estate Partners ("Swift") is an independent and vertically integrated real estate investment firm which seeks to generate attractive risk-adjusted returns for its investors. Learn more at swiftrp.com.
KBS is one of the leading buyers of well-located commercial real estate in the United States. KBS-affiliated companies have completed transactional activity in excess of $33 billion since its inception in 1992. For more info, visit kbs.com.
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.