PORTLAND, OR—HFF has closed the $21.1 millionsale of the Executive Building, an 11-story, classA office building totaling 104,630 square feet in downtownPortland.
HFF marketed the property on behalf of the seller, TheMatteson Companies. The buyer, Swift RealtyPartners, purchased the asset for $21.1million contingent to existing debt.
The Executive Building is situated on .23 acres at 811SW 6th Avenue at the intersection of Portland's mainMAX light rail lines and near Interstates 5 and 84and Highway 26. The property is also near amenities such asthe Pioneer Place Shopping Center, TheNines Hotel and several other dining, retail andentertainment venues. The property is 91.4%leased to three tenants, including J.P. MorganChase and the State of Oregon Department ofEnvironmental Quality (DEQ).
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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.
