December 2, 2019
The George Besaw, a 51-unit, apartment, mixed-use building in Portland, traded hands for $23.6 million. The seller was Vancouver, WA-based developer C.E. John Company.
Located in NW Portland’s historic Alphabet District at 2323 NW Savier St., the property was completed in 2018. The LEED Gold-certified asset features luxury apartment homes on three floors over ground-floor retail. Tenants feature some of Portland’s best-known retailers, including Pine State Biscuits, Life of Pie, Moberi, and The Barbers.
Kidder Mathews’ Clay Newton, Jordan Carter, and Tyler Linn represented the seller. The buyer was an unnamed family investment group out of Washington State.
Newton says, “There are only so many properties located in A+ locations, and with its iconic location at NW 23rd Avenue and NW Savier Street, The George Besaw fits that bill.”
For comments, questions or concerns, please contact Dennis Kaiser