Principal Real Estate Investors Acquires Mixed-Use Property In Portland For $132.5M

The mixed-use property located at 1455 SW Broadway in Portland has been sold in a recent transaction. The property, spanning 430,000 square feet, was purchased by Principal Real Estate Investors from BDC/Broadway Office LLC. The sale price for this transaction was $132,500,000, resulting in a price per square foot of $308.

Summary of transaction details

• Property Type: Mixed-use
• Transaction Amount: $132,500,000
• Square Footage: 430,000
• Address: 1455 SW Broadway, Portland

The deal was facilitated by brokers from NKF, including Nick Kucha, James Childress, Jeff Hodson, Kevin Shannon, and James Ikeguchi. These individuals played a significant role in representing the involved parties throughout the transaction.