Intercontinental Real Estate Corporation And ScanlanKemperBard Acquire Retail Center In Tigard For $25.25M

The asset involved in this transaction is a retail center located at 10250 Southwest Washington Drive, Portland, OR. The sale was completed for a price of $25,250,000, and the property spans a total area of 86,636 square feet, equating to a price per square foot of $291.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $25,250,000
• Address: 10250 Southwest Washington Drive
• Market: Portland, OR
• Square Footage: 86,636
• Price Per Square Foot: $291
• Buyer: Peter Palandjian - Intercontinental Real Estate Corporation & ScanlanKemperBard Companies
• Seller: PPR Square Too

Peter Palandjian, representing both Intercontinental Real Estate Corporation and ScanlanKemperBard Companies, is involved in the acquisition. The aim of the buyers is to reposition the Washington Square II retail center through renovations, leasing initiatives, and capital improvements.