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Investors Stick with Tried-and-True Formula

Heartline’s office and retail unit sold to Intercontinental Real Estate Corporation on behalf of its managed fund, US Real Estate Investment Fund LLC; the seller was Security Properties Development Co.

Heartline The newly constructed 72,130-square-foot boutique building is located in the Pearl District.

PORTLAND, OR—Heartline Condominium is part of a master-planned mixed-use residential and commercial development spanning an entire city block. The newly constructed 72,130-square-foot boutique building is located at 1241 Northwest Johnson St. in the Pearl District, the destination live-work-play neighborhood.

Heartline takes its cues from recent adaptive reuse projects in Portland that offer the same allure. This brick-clad wood structure echoes the historic warehouses of the Pearl District, while featuring exposed wood beams inside, operable windows for natural ventilation and the innovations of an office building completed in 2018.

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Lisa Brown

Lisa Brown

Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.

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