X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

LAKE OSWEGO, OR-Kalberer Company has closed on the purchase of Lake Oswego Crossing, a two-building 16,784 sf retail center located at 17437 SW Boones Ferry Rd. The purchase price was $3.3 million.

Kalberer Co. owns property throughout the Portland Metropolitan area. Properties include the Creative Services Center, 5th Avenue Court Apartment Buildings, and property on 208 SW1st.The seller was Beacon Homes LLC, a partner of Peter Kusyk and Kurt Dalbey, who built up and recently sold The Equity Group, a regional residential real estate firm.

The first tenant in Lake Oswego Crossing was a Starbucks that opened in January 2001. Other tenants now include Alphagraphics, Merchants, Bank, Lake Oswego Dental and Glow Aesthetics. The project is currently 63% occupied. Norris, Beggs & Simpson’s Chris Johnson and Bill Smith brokered both sides of the transaction.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.