{"id":1004283788,"date":"2018-12-05T19:35:47","date_gmt":"2018-12-06T03:35:47","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004283788"},"modified":"2022-12-07T02:44:02","modified_gmt":"2022-12-07T10:44:02","slug":"miller-global-properties-sells-portland-office-building","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/miller-global-properties-sells-portland-office-building\/","title":{"rendered":"Miller Global Properties Sells Portland Office Building"},"content":{"rendered":"<p>By Roxana Baiceanu<\/p>\n<p><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/office-news-01b.png\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" data-attachment-id=\"1004208498\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/?attachment_id=1004208498\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/office-news-01b.png\" data-orig-size=\"800,620\" 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=\"\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/office-news-01b.png?w=800\" loading=\"lazy\" class=\"alignright wp-image-1004208498 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/office-news-01b.png\" alt=\"\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/office-news-01b.png 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/office-news-01b.png?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/office-news-01b.png?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a>One of the largest projects in the Pearl District submarket\u2014the 183,000-square-foot 9North creative office building\u2014has reached completion and has already found a buyer. According to real estate data provider Yardi Matrix, CBRE Global Investors bought the asset from Miller Global Properties Fund VIII for $76.6 million.&nbsp;<\/p>\n<p>Pearl District is one of Portland&#8217;s high-profile submarkets and is attracting both investors and developers. Williams &amp; Dame broke ground on 9North at the end of 2016. Hacker Architects, GBD Architects and Howard S. Wright Construction were also part of the development team.<\/p>\n<p>9North is located at 1250 N.W. 9th Ave., minutes away from the high-end Canopy by Hilton Hotel, which <a href=\"https:\/\/www.commercialsearch.com\/news\/canopy-by-hilton-tops-off-portland-pearl-district-hotel\/\">opened last year<\/a>. The eight-story property provides six floors of office space above 5,100 square feet of ground floor retail space and a structured parking, and is proposed for LEED Silver Certification. Amenities include an on-site conference center, rooftop terrace, fitness center, bike parking and a bike repair station as well as showers and locker rooms.<\/p>\n<p>The office property can be accessed via interstates 405 and 5 as well as highway 30 and Martin Luther King Boulevard. The area is highly transited and provides access to a variety of dining venues.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>CBRE Global Investors paid $76.6 million for the eight-story property which is located in the Pearl District, one of the city&#8217;s high-profile submarkets.<\/p>\n","protected":false},"author":1064,"featured_media":1004208498,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21782,21783,21742,21747,28440,15],"tags":[35095,37561,43229,32779,41573],"class_list":["post-1004283788","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-development","category-investment","category-latest","category-office","category-portland","category-west","tag-cbre-global-investors","tag-gbd-architects","tag-hacker-architects","tag-leed","tag-miller-global-properties"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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