{"id":1004289833,"date":"2019-01-07T04:37:49","date_gmt":"2019-01-07T12:37:49","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004289833"},"modified":"2022-12-08T17:40:39","modified_gmt":"2022-12-09T01:40:39","slug":"portland-office-assets-change-hands","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/portland-office-assets-change-hands\/","title":{"rendered":"Portland Office Assets Change Hands"},"content":{"rendered":"<p>By Adina Marcut<\/p>\n<div id=\"attachment_1004289836\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/01\/Tigard-Corporate-Center.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004289836\" data-attachment-id=\"1004289836\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/portland-office-assets-change-hands\/tigard-corporate-center\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/01\/Tigard-Corporate-Center.jpg\" data-orig-size=\"800,640\" 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;1&quot;}\" data-image-title=\"Tigard Corporate Center\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/01\/Tigard-Corporate-Center.jpg?w=800\" class=\"wp-image-1004289836 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/01\/Tigard-Corporate-Center.jpg\" alt=\"Tigard Corporate Center \" width=\"300\" height=\"240\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/01\/Tigard-Corporate-Center.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/01\/Tigard-Corporate-Center.jpg?resize=300,240 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/01\/Tigard-Corporate-Center.jpg?resize=768,614 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004289836\" class=\"wp-caption-text\">Tigard Corporate Center<\/p><\/div>\n<p>JLL\u2019s Capital Markets has secured the sale of Tigard Corporate Center buildings A, B and C located in Portland, Ore. The company worked on behalf of the buyer, Meriwether Partners. JLL manages the property.<\/p>\n<p>Located at 12123 SW 69<sup>th<\/sup> Ave., the two-story buildings added more than 123,000 square feet of Class A office space to Meriwether Partners\u2019 portfolio. The properties offer convenient access to various medical office buildings, Interstate 5, and highways 99 and 217. Additionally, Tigard Corporate Center is adjacent to the recently announced expansion of Trimet\u2019s MAX light rail line.<\/p>\n<p>The properties are 100 percent leased to two tenants, Rocky Mountain Cancer Center LLC\u2014operated by Compass Oncology\u2014and Consumer Cellular Inc. Compass Oncology signed a ten-year lease on Building A, and is currently developing an oncology center at the property. Built in 2000, Tigard Corporate Center includes 694 parking spaces<\/p>\n<p><em>\u201cTigard Corporate Center presented an opportunity for investors to purchase a trio of well-maintained, institutional quality office assets, 100 percent leased on a triple-net basis, with long-term income security,\u201d<\/em>&nbsp;JLL Capital Markets Managing Director Paige Morgan said in a prepared statement.<\/p>\n<p>Managing Directors Morgan and Buzz Ellis were part of JLL\u2019s team that represented the buyer on the sale. In another recent deal, JLL\u2019s Managing&nbsp;Directors Chris Schaaf and Jim Thorp represented the tenant in <a href=\"https:\/\/www.commercialsearch.com\/news\/preferred-apartment-communities-pays-209m-for-nc-office-towers\/\">the acquisition of Capital Towers<\/a>, two office buildings totaling more than 477,000 square feet.<\/p>\n<p><em>Image courtesy of Yardi Matrix<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tigard Corporate Center is comprised of two-story buildings totaling more than 120,000 square feet of Class A office space. The properties are fully leased to two tenants. <\/p>\n","protected":false},"author":436,"featured_media":1004289836,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21742,21747,28440,15],"tags":[36947,32796,43595,39318],"class_list":["post-1004289833","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-latest","category-office","category-portland","category-west","tag-buzz-ellis","tag-jll","tag-meriwether-companies","tag-rocky-mountain-institute"],"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>Portland Office Assets Change Hands - 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\/portland-office-assets-change-hands\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Portland Office Assets Change Hands\" \/>\n<meta property=\"og:description\" content=\"Tigard Corporate Center is comprised of two-story buildings totaling more than 120,000 square feet of Class A office space. The properties are fully leased to two tenants.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/portland-office-assets-change-hands\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2019-01-07T12:37:49+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T01:40:39+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/01\/Tigard-Corporate-Center.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"640\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Adina Rogoz\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/portland-office-assets-change-hands\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/portland-office-assets-change-hands\\\/\"},\"author\":{\"name\":\"Adina Rogoz\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/1e376ba4add70694b922380ddbe946d8\"},\"headline\":\"Portland Office Assets Change Hands\",\"datePublished\":\"2019-01-07T12:37:49+00:00\",\"dateModified\":\"2022-12-09T01:40:39+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/portland-office-assets-change-hands\\\/\"},\"wordCount\":251,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/portland-office-assets-change-hands\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2019\\\/01\\\/Tigard-Corporate-Center.jpg\",\"keywords\":[\"Buzz Ellis\",\"JLL\",\"Meriwether Companies\",\"Rocky Mountain Institute\"],\"articleSection\":[\"Deals\",\"News\",\"Office\",\"Portland\",\"West\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/portland-office-assets-change-hands\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/portland-office-assets-change-hands\\\/\",\"name\":\"Portland Office Assets Change Hands - 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