Printer-friendly version PORTLAND, OR - August 11, 2014 – HFF announced today that it has closed the sale of 811 SW Naito Parkway, a 49,946-square-foot, office property with an underground parking garage and adjacent parking lot in Portland, Oregon.
HFF marketed the property on behalf of the seller, ATC Partners, LLC, a full-service real estate firm based in San Francisco. The assets were purchased by Swift Real Estate Partners for $8.55 million.
811 SW Naito Parkway sits on the waterfront of the Portland central business district. The property is one block west of the MAX light rail line and has easy access to Interstates 5 and 84. 811 SW Naito Parkway has unobstructed views of Mount Hood, Willamette River and Tom McCall Waterfront Park. Originally constructed in 1982, this property was renovated in 2013. The six-story, mid-rise building has an underground parking garage with 28 stalls. An additional surface lot with 17 stalls was purchased from ATC Partners with the building and garage.
The HFF investment sales team representing the seller was led by director Nicholas Kucha and senior managing director Michael Leggett.
ATC Partners, LLC, a value-add real estate company founded by Michael Halper in 1992, added the 811 building to its portfolio in 2007. The firm has completed more than $75 million in transactions during the last 18 months and is currently seeking opportunities to buy commercial assets in the Bay Area and California. Learn more at atcpartners.com.
Swift Real Estate Partners is an independent and vertically integrated real estate investment firm which seeks to generate attractive risk-adjusted returns for its investors. Swift selectively acquires and repositions office and industrial assets in select West Coast markets. Swift identifies unique opportunities and executes well-defined business plans while providing real-time, day-to-day oversight for each investment. Swift's professionals bring experience encompassing all aspects of real estate investment and management, including acquisition, financing, leasing, disposition and construction management. Swift was founded in 2010 and is headquartered in San Francisco. Learn more at swiftrp.com.
HFF (Holliday Fenoglio Fowler, L.P.) and HFFS (HFF Securities L.P.) are owned by HFF, Inc. (NYSE: HF). HFF operates out of 23 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF together with its affiliate HFFS offer clients a fully integrated national capital markets platform including debt placement, investment sales, equity placement, advisory services, loan sales and commercial loan servicing. For more information please visit hfflp.com or follow HFF on Twitter at twitter.com/hff.