The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
June 15, 2019
 Search RENTV
   Go!
 Video Programs
 News
News Home Page
Southern California
Northern California
Pacific Northwest
Texas/Southwest
Retail
Multifamily
Financing
Prop. Management
Archives
Press Releases
 R. E. Marketplace
Service Providers
JobWorks
Property Spotlight
 RENTV  Conferences
Subscriber Login:
  
Email      
    Go!
Password      
Forgot Password?



HOME PAGE NEWS
Printer-friendly Version   Email an Associate
Vista Investment Group Spends $22 Mil on Portland Mixed-Use Asset

4/17/19

Vista Investment Group paid $22 mil for Hollywood Station, a 69.1k sf ($318/sf), mixed-use building in Portland’s Hollywood District. The purchase represents Vista’s fourth investment in Portland, OR over the last 18 months.

Hollywood Station is anchored by a 50k sf 24 Hour Fitness Super Sport Gym, which recently extended their lease for an additional 10 years. The fitness facility is one of the busiest among 24 Hour Fitness’ chain of 400 clubs throughout the country. The building also includes 17k sf of office space leased to a variety of local businesses, as well as 2k sf of street level retail. The property was 95% leased at closing.

Located at 4224 NE Halsey St, the 13-year-old property is adjacent to Interstate 84 and the TriMet MAX Light Rail Hollywood/NE 42nd Avenue transit center station that serves the TriMet’s Blue, Green and Red Lines, providing convenient access throughout the greater Portland area. The property includes a covered four-story parking garage with 220 stalls.

Vista Investment Group represented itself in the transaction. Blake Federinko, Brandi Ho and Michael Jenkins from MAJ Commercial represented the seller.

With its acquisition of Hollywood Station, Los Angeles-based Vista has now invested more than $100 mil since entering the Portland real estate market in 2017. With a robust pipeline of activity behind this acquisition, Vista has already built a 500k sf-local portfolio that includes Nimbus Oaks, a flex/business park in Beaverton, Customs House in Portland, and last month’s acquisition of the Cornell West office building in Beaverton.

The company’s fifth acquisition in Portland, a multifamily property in the submarket of Vancouver, WA is set to close escrow in May.

“Greater Portland remains a key target market for us,” said Vista President Jonathan Barach. “It represents a relative value compared to more mature markets like Seattle and the San Francisco Bay Area, while demonstrating similar strong market fundamentals and demographics.”





Return to the previous page


 


 


 


 
 



Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2019 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media