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4/24/25
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Machine Works, a 115.1k sf, Class A mixed-use asset in Portland, was acquired by a partnership between Melvin Mark Investors and Orion Investment Partners. The price was not given out.
Machine Works is located at 1414 NW Northrup St, in the highly sought-after Pearl District, a bustling neighborhood with a variety of restaurants, bars, galleries and shops. The property is walking distance to the MAX light rail and has excellent accessibility and visibility, being immediately adjacent to Interstate 405.
At nine stories tall, Machine Works offers a mix of modern office and retail space and three levels of parking. The LEED Gold-certified property was completed in 2009 and is fully leased to a variety of tenants in the engineering, medical, government services and fitness industries, with LA Fitness occupying space on the ground floor.
Buzz Ellis, Mark Katz, Zach Kersten and David Williams with JLL Capital Markets procured the buyer and represented the seller, AEW Capital Management, L.P.
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