The company arranged funding of $14 million for Cambridge Crossing in Beaverton, OR, a suburban community just west of Portland. The complex, a 250-unit garden style community built in 1997, has a net rentable area of more than 197,400 sf. It sits on nearly 10 acres of land. Freddie Mac provided the funding on behalf of Cambridge Crossing, LLC.
Sharon Kline and Troy Tegeler of Melody's Newport Beach office and John Petersen of Melody's Portland office secured funding for the transaction.
Melody also brought in $19 million for Airside Business Park buildings 100 and 200 in Moon Township, PA, a suburban community minutes northwest of Pittsburgh. The two buildings, built in 2002, are low-rise class "A" office buildings with a net rentable area of about 203,000 sf.
Building 100 serves as the headquarters for Michael Baker Corp. U.S. Filter is the largest tenant in Building 200.
Delaware Investment Advisers, on behalf of The Lincoln National Life Insurance Co., provided the funding on behalf of Airside Business Park LP, an affiliate of Elmhurst Corporation. James Starman of Melody's Pittsburgh office secured funding for the transaction.
© Arc, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to TMSalesOperations@arc-network.com. For more information visit Asset & Logo Licensing.