December 13, 2017
ScanlanKemperBard Companies (SKB) completed the $65 million disposition and recapitalization of CH2M Center, a 226,815-square-foot, Class A office tower in Portland, OR’s South End Innovation District. Working on behalf of SKB, HFF recapitalized the property with funds managed by Oaktree Capital Management, L.P., and arranged a 10-year, fixed-rate loan through Wells Fargo for the new partnership.
HFF also worked on behalf of the new partnership to secure $44.25 million in financing.
Renovated in 2016, CH2M Center is a 10-story office tower at 2020 SW Fourth Ave. that offers a mix of traditional and creative office space with sweeping views of downtown Portland. The asset is 87% leased to nine tenants, including anchor tenant CH2M Hill, Konica Minolta, Zidell and the City of Portland.
HFF’s disposition and recapitalization team included Logan Greer, Gerry Rohm, Michael Leggett, Dave Otis and Jeff Hodson. HFF’s Tom Wilson and Paul Brindley handled the financing.
For comments, questions or concerns, please contact Dennis Kaiser