{"id":1004187408,"date":"2017-08-17T05:56:08","date_gmt":"2017-08-17T13:56:08","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004187408"},"modified":"2022-12-05T10:01:27","modified_gmt":"2022-12-05T18:01:27","slug":"citrine-advisors-acquires-historic-portland-office-building","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/citrine-advisors-acquires-historic-portland-office-building\/","title":{"rendered":"Citrine Advisors Acquires Historic Portland Office Building"},"content":{"rendered":"<p>By Razvan Cimpean<\/p>\n<div id=\"attachment_1004187409\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/08\/The-Concord-Building-in-Portland-Or..jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004187409\" data-attachment-id=\"1004187409\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/citrine-advisors-acquires-historic-portland-office-building\/the-concord-building-in-portland-or\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/08\/The-Concord-Building-in-Portland-Or.-e1502958720279.jpg\" data-orig-size=\"1089,817\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;Razvan-I Cimpean&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1502966580&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;0&quot;}\" data-image-title=\"The Concord Building in Portland, Ore.\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;The Concord Building in Portland, Ore.&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/08\/The-Concord-Building-in-Portland-Or.-e1502958720279.jpg?w=1024\" class=\"wp-image-1004187409 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/08\/The-Concord-Building-in-Portland-Or.-e1502958720279.jpg\" alt=\"The Concord Building in Portland, Ore.\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/08\/The-Concord-Building-in-Portland-Or.-e1502958720279.jpg 1089w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/08\/The-Concord-Building-in-Portland-Or.-e1502958720279.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/08\/The-Concord-Building-in-Portland-Or.-e1502958720279.jpg?resize=768,576 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/08\/The-Concord-Building-in-Portland-Or.-e1502958720279.jpg?resize=1024,768 1024w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004187409\" class=\"wp-caption-text\">The Concord Building in Portland, Ore.<\/p><\/div>\n<p>Citrine Advisors acquired the Concord Building\u2014a 27,500-square-foot office building in the heart of Portland\u2019s central business district\u2014from New Urban Properties\u00a0for $5.3 million.<\/p>\n<h2>Recent\u00a0renovations<\/h2>\n<p>The Concord Building was completed in 1891 and underwent renovations in 1981 and 2016. Situated\u00a0at 204-210 SW Stark St., the six-story property features creative office space and ground floor retail, anchored by Mother\u2019s Bistro &amp; Bar. The location\u00a0offers easy access to bus stations, restaurants and hotels, including DC Vegetarian, Hi-Lo Hotel and The Nines. The office building sits fewer than two miles from Interstates 5 and 405.\u00a0<\/p>\n<p>Charles Safley of CBRE Capital Markets represented the buyer, while Paige Morgan of JLL\u2019s Capital Markets Group negotiated the sale on behalf of the seller. Additionally, CBRE secured a non-recourse, acquisition\u00a0bridge loan. Last month, Morgan was also involved in the sale of <a href=\"https:\/\/www.commercialsearch.com\/news\/specht-pacific-coast-sell-portland-airport-warehouse\/\">Interstate Crossroads Distribution Center<\/a>, a recently completed warehouse and distribution center in Portland.<\/p>\n<p><em>Image via Google Street View<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>New Urban Properties sold a 27,500-square-foot property in Portland\u2019s CBD. JLL negotiated the transaction on behalf of the seller, while CBRE represented the buyer and secured the acquisition financing.<\/p>\n","protected":false},"author":753,"featured_media":1004508536,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21825,21742,21747,28440,15],"tags":[32789,37248,32796,37249],"class_list":["post-1004187408","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-finance","category-latest","category-office","category-portland","category-west","tag-cbre","tag-citrine-advisors","tag-jll","tag-new-urban-properties"],"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>Citrine Advisors Acquires Historic Portland Office Building - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/citrine-advisors-acquires-historic-portland-office-building\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Citrine Advisors Acquires Historic Portland Office Building\" \/>\n<meta property=\"og:description\" content=\"New Urban Properties sold a 27,500-square-foot property in Portland\u2019s CBD. 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