May 3, 2019 Comments Off on Goldman Sachs, Lincoln Venture Buys Portland MXU for $118M Views: 350 National News, Oregon, Portland, Seattle & Pacific Northwest News, West

Goldman Sachs, Lincoln Venture Buys Portland MXU for $118M

A venture between Goldman Sachs’ Merchant Banking Division and Lincoln Property Company acquired Field Office, a 287,216-square-foot mixed-use office in Portland from National Real Estate Advisors, LLC and developer Project for $118 million. The two-building Class A project is located along River Promenade within the Pearl District.

Construction was completed in 2018 on the project at 1895 and 2035 Northwest Front Ave. The LEED Platinum certified property is situated on 2.3 acres and features large flexible floorplates, on-site daycare, a large courtyard area with seating and fire pits, fitness center, executive rooftops with city and river views, and below-grade parking, among other modern amenities.

NKF’s Kevin Shannon, Nick Kucha, Steven Golubchik, James Childress and Bill DeLacy represented the seller. The buyer was self-represented.

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