{"id":1004190499,"date":"2017-09-15T05:47:12","date_gmt":"2017-09-15T13:47:12","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004190499"},"modified":"2022-12-08T10:01:58","modified_gmt":"2022-12-08T18:01:58","slug":"vista-investment-enters-portland-market","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/vista-investment-enters-portland-market\/","title":{"rendered":"Vista Investment Enters Portland Market"},"content":{"rendered":"<p>By IvyLee Rosario<\/p>\n<div id=\"attachment_1004190510\" style=\"width: 347px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/09\/Nimbus-Oaks.jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004190510\" data-attachment-id=\"1004190510\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/vista-investment-enters-portland-market\/nimbus-oaks\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/09\/Nimbus-Oaks.jpg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;6.7&quot;,&quot;credit&quot;:&quot;Russ Widstrand&quot;,&quot;camera&quot;:&quot;Canon EOS 5D Mark II&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1474046359&quot;,&quot;copyright&quot;:&quot;\\u00a92016 Russ Widstrand, all rights reserved.&quot;,&quot;focal_length&quot;:&quot;24&quot;,&quot;iso&quot;:&quot;200&quot;,&quot;shutter_speed&quot;:&quot;0.011111111111111&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"Nimbus Oaks\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Nimbus Oaks&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/09\/Nimbus-Oaks.jpg?w=800\" class=\"wp-image-1004190510 \" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/09\/Nimbus-Oaks.jpg\" alt=\"Nimbus Oaks\" width=\"337\" height=\"262\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/09\/Nimbus-Oaks.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/09\/Nimbus-Oaks.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/09\/Nimbus-Oaks.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 337px) 100vw, 337px\" \/><\/a><p id=\"caption-attachment-1004190510\" class=\"wp-caption-text\">Nimbus Oaks<\/p><\/div>\n<p>Vista Investment Group, in partnership with Acre Valley Real Estate Capital acquired the Nimbus Oaks flex\/business park in the Portland submarket of Beaverton, Ore.\u00a0The transaction marks the company&#8217;s\u00a0entry into the Portland real estate market.<\/p>\n<p>Located at 9000-9560 SW Nimbus Ave., the 171,828-square-foot property was originally built between 1984 and 1985, in part for Nike. Now, the asset is home to tenants such as XO Communications, Kingcom, Opus Agency and the Northwest Regional Education Service District.\u00a0<\/p>\n<h2>Strong Submarket\u00a0<\/h2>\n<p>At a rate that is more than two times the state average, Washington County is experiencing tremendous population growth, as well as employment, affordable housing stock, good schools and a high quality of life drawing people to the area.\u00a0<\/p>\n<p><em>&#8220;Nimbus Oaks is a stabilized, high-yielding office property in one of the strongest submarkets in the Portland MSA,&#8221;<\/em> said Jonathan Barach, president of Vista, in prepared remarks. <em>&#8220;The property enjoys a significant amount of investment grade credit tenancy, and near-term lease expirations present an opportunity to mark rents to market. We were able to secure attractive acquisition financing, which enabled the property to enjoy double-digit cash-on-cash returns starting day one.&#8221;<\/em><\/p>\n<p>JLL&#8217;s Capital Markets team of Buzz Ellis and Paige Morgan managed the sale on behalf of the seller, while Andrew Kirsh of Sklar Kirsh represented Vista Investment Group in the transaction. Kidder Mathews\u00a0will\u00a0handle leasing and property management for the asset.\u00a0<\/p>\n<p>Vista plans to invest up to $150 million in the Pacific Northwest over the next 24 months. Most recently, the company\u00a0acquired Seattle Mart, an 82,218-square-foot <a href=\"https:\/\/www.commercialsearch.com\/news\/vista-acquires-82-ksf-mixed-use-asset-in-seattle\/\">mixed-use building<\/a> located in the Delridge district of Seattle.\u00a0<\/p>\n<p><em>Image courtesy of\u00a0Vista Investment Group<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The company purchased the 171,828-square-foot Nimbus Oaks flex\/business park, located in Beaverton, Ore., a growing submarket of Portland. <\/p>\n","protected":false},"author":746,"featured_media":1004190510,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21783,21742,21747,28440,15],"tags":[32796,33612,34453],"class_list":["post-1004190499","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-investment","category-latest","category-office","category-portland","category-west","tag-jll","tag-kidder-mathews","tag-vista-investment-group"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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