Oregon Health & Science University Acquires Office Property In Portland For $17.7M

The sale of the Crossing at First in Portland’s Central Business District was brokered by Colliers to Oregon Health & Science University. The property located at 2525 Southwest 1st Avenue spans 380,030 square feet and was sold for $17,700,000, equating to $47 per square foot. The site offers unique redevelopment opportunities and boasts convenient access to I-5 and I-405.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $17,700,000
• Address: 2525 Southwest 1st Avenue
• Market: Portland, OR
• Square Footage: 380,030

Andrew Zigelboim, Brad Idleman, Brett Johnson, Chris Johnson, Keven Moul, and Robert Gilley from Colliers were the brokers representing the deal. The transaction brought together the buyers, Oregon Health & Science University, and the sellers, with the brokers facilitating a successful acquisition in Portland's competitive office market.