{"id":1004161933,"date":"2016-12-15T08:18:36","date_gmt":"2016-12-15T16:18:36","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004161933"},"modified":"2022-12-08T17:24:10","modified_gmt":"2022-12-09T01:24:10","slug":"bixby-land-co-acquires-33m-office-complex-in-portland","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/bixby-land-co-acquires-33m-office-complex-in-portland\/","title":{"rendered":"Bixby Land Co. Acquires $33M Office Complex in Portland"},"content":{"rendered":"<p>by Adina Marcut<\/p>\n<div id=\"attachment_1004161934\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/12\/CDK-Plaza.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004161934\" data-attachment-id=\"1004161934\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/bixby-land-co-acquires-33m-office-complex-in-portland\/cdk-plaza\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/12\/CDK-Plaza.jpg\" data-orig-size=\"800,533\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"CDK Plaza\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/12\/CDK-Plaza.jpg?w=800\" class=\"wp-image-1004161934 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/12\/CDK-Plaza.jpg\" alt=\"CDK Plaza\" width=\"300\" height=\"200\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/12\/CDK-Plaza.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/12\/CDK-Plaza.jpg?resize=300,200 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/12\/CDK-Plaza.jpg?resize=768,512 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004161934\" class=\"wp-caption-text\">CDK Plaza<\/p><\/div>\n<p><strong>Portland<\/strong>\u2014Bixby Land Co. recently announced its\u00a0purchase of CDK Plaza, a 185,729-square-foot, class A office space, for $33.4 million from KBS Real Estate Investment Trust. The seller was represented by Darwin Rodriguez and Jason Flynn of Eastdil Secured while Bixby represented itself in the transaction.<\/p>\n<p>The four-story, two-building campus was 96 percent leased at the time of the sale. Bixby\u2019s plans call for the redesign of an expansive plaza and courtyard area between two buildings, in addition to\u00a0new lobbies and corridors, landscaping upgrades, and aesthetic improvements to the glass curtain wall.<\/p>\n<p>\u201cThe improvements we have planned will make this office campus much more appealing to companies looking for a progressive work environment,\u201d Mike Severson, senior vice president of investments at Bixby Land Company, said in a statement. \u201cWe view this as an excellent opportunity to apply our experience gained through the repositioning of some 30 office buildings throughout California.\u201d<\/p>\n<p>Located at 2525 Southwest first Ave., in downtown Portland, the property is scheduled to undergo significant upgrades in 2017 as Bixby furthers the reach of its value-add office strategy into primary Pacific Northwest markets.<\/p>\n<p><em>Image courtesy of CDK Plaza<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The four-story, 185,729-square-foot office campus was 96 percent leased at the time of the sale.<\/p>\n","protected":false},"author":436,"featured_media":1004161934,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21825,21783,21742,21747,28440,15],"tags":[33158,33159],"class_list":["post-1004161933","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-finance","category-investment","category-latest","category-office","category-portland","category-west","tag-bixby-land-company","tag-kbs-real-estate-investment-trust"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bixby Land Co. 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