PORTLAND, OR-Institutional investors instructed by J.P. Morgan Asset Management have purchased Kearney Plaza, a 131-unit Class A project in the Pearl District, for $36.875 million. The property was sold by Hoyt Street Properties.
Kearney Plaza, located at 931 N.W. 11th St., contains over 8,000 square feet of retail space. The property's retail space is fully leased to Starbucks Coffee Co. and other tenants, and the apartment units are nearly 98% leased. For the full story, go to Portland Business Journal .
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