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Deka Immobilien's DINA Fund Buys First Investment on the West Coast

The $47.5 million property was bought by Deka’s open-ended and dollar-denominated North America Fund, and marks its third US acquisition during the past nine months and first in Oregon.

6Y Creative office 6Y, an 11-story 116,244-square-foot asset, is located at 811 SW 6th Ave. in Portland’s CBD.

PORTLAND, OR—6Y, an 11-story creative office building located in the central business district, has been sold to Deka Immobilien for $47.5 million. The 116,244-square-foot asset is located at 811 SW 6th Ave. and was renovated last year to appeal to tenants seeking creative office space in a walkable location.

The property was bought by Deka’s open-ended and dollar-denominated North America Fund and marks its third US acquisition during the past nine months and its first in Oregon. The fund had recently acquired a grocery-anchored retail property in New Jersey and an office building in Washington, DC.

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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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