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2/11/16
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Invesco Real Estate has acquired Platform 14, a 177-unit, podium-style, mid-rise apartment community in Hillsboro, OR. The price was not disclosed.
Platform 14 is situated on approximately 2.34 acres at 1030 NE Orenco Station Pkwy in the Orenco Station master-planned community within walking distance to Intel, which employs 17,500 people locally. Completed in 2012, the four-story, transit-oriented property has 125 one- and 41 two-bedroom units, as well as 11 spacious live and work units with one-bedroom/two-bath layouts. Property amenities include 16k sf of ground floor retail, an 8k sf sky deck with barbecue, bar and community garden, community kitchen, lounge, bike storage and garage parking.
Ira Virden of HFF represented the seller, Holland Partner Group and its finance partner.
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