{"id":1004205239,"date":"2018-01-30T09:31:30","date_gmt":"2018-01-30T17:31:30","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004205239"},"modified":"2022-12-08T15:17:34","modified_gmt":"2022-12-08T23:17:34","slug":"hff-secures-acquisition-loan-of-or-office-asset","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/hff-secures-acquisition-loan-of-or-office-asset\/","title":{"rendered":"HFF Secures Acquisition Loan of OR Office Asset"},"content":{"rendered":"<p>By Adina Marcut<\/p>\n<div id=\"attachment_1004205246\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/The-Radiator-Building.png\" target=\"_blank\" rel=\"noopener noreferrer\"><img decoding=\"async\" aria-describedby=\"caption-attachment-1004205246\" data-attachment-id=\"1004205246\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/hff-secures-acquisition-loan-of-or-office-asset\/the-radiator-building\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/The-Radiator-Building.png\" data-orig-size=\"800,623\" data-comments-opened=\"0\" 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;0&quot;}\" data-image-title=\"The Radiator Building\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/The-Radiator-Building.png?w=800\" loading=\"lazy\" class=\"wp-image-1004205246 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/The-Radiator-Building.png\" alt=\"The Radiator Building\" width=\"300\" height=\"234\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/The-Radiator-Building.png 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/The-Radiator-Building.png?resize=300,234 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/The-Radiator-Building.png?resize=768,598 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004205246\" class=\"wp-caption-text\">The Radiator Building<\/p><\/div>\n<p>HFF has arranged an $8 million loan for the acquisition of The Radiator, a 34,327-square-foot office building located in Portland, Ore. Senior Director Jordan Angel and Associate Zachary Kersten were part of the debt placement team that represented the borrower, Manchester Capital Management. HFF will also service the 11-year, fixed-rate loan.<\/p>\n<p>Located at 3530 N. Vancouver Ave., at the gateway to North Portland, The Radiator is close to various shopping, dining and entertainment venues such as New Seasons Market Williams, Denorval Unthank City Park and Dawson Park. Additionally, the Legacy Emanuel Medical Center and American Red Cross Blood Donation Center are\u00a0less than\u00a0one mile from the office building.<\/p>\n<h2>Wood-framed building<\/h2>\n<p>Built in 2014, the fully leased, five-story property was\u00a0designated the tallest wood-framed building in Oregon. The office building features two ground-floor retail spaces. The Radiator is anchored by The Kartini Clinic, a pediatric eating disorder treatment program company. Additional amenities include bike storage, showers on every floor and 10 on-site, ground-floor parking spots.<\/p>\n<p>PATH Architecture Inc., served as the design architecture firm and Kaiser Group Inc., handled the construction of the project. Recently, HFF secured the acquisition of Palladian Corporate Center, a <a href=\"https:\/\/www.commercialsearch.com\/news\/nc-office-asset-fetches-56m\/\">Class A office building<\/a> in Durham, N.C., on behalf of an institutional owner advised by Clarion Partners.<\/p>\n<p><em>\u201cAs the first all-timber building to be built in a century, the Radiator Building is on the cutting edge of design and is the first new office building in the dynamic North Williams Corridor of Portland,\u201d<\/em> Kersten said in prepared remarks.<\/p>\n<p><em>Image via Google Street View <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The company will service the $8 million loan on behalf of the borrower, Manchester Capital Management. Built in 2014, The Radiator is a fully leased building anchored by The Kartini Clinic.<\/p>\n","protected":false},"author":436,"featured_media":1004205246,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21825,21742,21747,28440,15],"tags":[32792,34046,38973],"class_list":["post-1004205239","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance","category-latest","category-office","category-portland","category-west","tag-hff","tag-manchester-capital-management","tag-radiator-building"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>HFF Secures Acquisition Loan of OR Office Asset - 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\/hff-secures-acquisition-loan-of-or-office-asset\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"HFF Secures Acquisition Loan of OR Office Asset\" \/>\n<meta property=\"og:description\" content=\"The company will service the $8 million loan on behalf of the borrower, Manchester Capital Management. 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