Rood Investments Acquires Willamette Marketplace Office Property In West Linn For $21.6M

The property asset involved in this transaction is an office located at 2020 8th Ave in West Linn, OR. The asset has a total square footage of 63,000 and was sold for $21,600,000, resulting in a price per square foot of $343.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $21,600,000
• Address: 2020 8th Ave
• Market: West Linn, OR
• Asset Size: 63,000 SF
• Price per Square Foot: $343
• Buyer: Rood Investments
• Broker Team: Nick Kucha, James Childress, Kellen Kollmorgen & Jakob Nicholls - Newmark

Rood Investments is the buyer of the asset, having acquired Willamette Marketplace, a substantial office and retail property. The transaction was facilitated by a team of brokers from Newmark, representing the buyers effectively in this deal.