Premier Business Centers




The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
November 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?



PACIFIC NORTHWEST NEWS
Printer-friendly Version   Email an Associate
Portland Office Building Purchased for $47.5 Mil by Deka Immobilien

8/05/19

An 11-story, 116.2k sf office building in Portlandís Central Business District traded hands in a recent $47.5 mil ($409/sf) transaction. The creative office building, known as 6Y, was acquired by Deka Immobilien (Deka). The seller was a joint venture of KBS and True North Management Group.

Located at 811 SW Sixth Avenue, the building was repositioned through a strategic renovation that included upgraded creative office suites, a tenant lounge and a contemporary lobby. The property occupies a corner parcel overlooking Pioneer Square, the focal point for Portlandís Central Business District. 6Y offers tenants easy access to all five of the cityís MAX light-rail lines, all three streetcar lines, and 25 bus lines, providing direct connectivity to every neighborhood in the Portland metro.

The 11-story building is currently 90% occupied by a diverse mix of office and retail tenants including Industrious, Gensler, and JP Morgan Chase. The recent renovation included an update to the building lobby and the addition of a tenant lounge, a 14-person conference room and a high-end bike hub with lockers and storage.

The property was purchased by Dekaís open-ended, dollar-denominated North America Fund (DINA) and marks its third U.S. acquisition over the past nine months and its first in Oregon.The fund previously acquired a grocery-anchored retail property in New Jersey and an office building in Washington, DC.

Robert Stamm, Andres Roldan and Chris Johnson with Colliers International represented the buyer. Nick Kucha, James Childress and Bill DeLacy with Newmark, Knight Frank repped the seller in the deal.





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