PORTLAND, OR—Capital services firm Cohen Financial says that it has secured a $60.8 million bridge loan for Block 300. The class A office property is located in downtown Portland at 333 South West 1st Ave.
Dan Rosenberg, managing director of Cohen Financial in the Chicago office, arranged the bridge loan with GE Capital Real Estate.
“The bridge financing allows us to recapitalize the property and puts us in a strong position to execute improvements and to retenant the property,” said Robert Saunders, CFO of Kaufman Jacobs.
Block 300 is a 362,000 square-foot office building close to restaurants, retail and other amenities in downtown Portland. The building features unobstructed views of Mt. Hood, Mt. St. Helens and the Willamette River. The building was 50% leased upon loan commitment, but has already signed several large leases and now is currently 75% leased.
Cohen Financial is a diversified, commercial real estate capital services firm offering debt and equity placement, loan administration and advisory services.
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
