May 8, 2017
Portland, OR-based ScanlanKemperBard (SKB) and joint-venture partner Artemis Real Estate Partners acquired a nine-property, ground-floor retail portfolio from Hoyt Street Properties in Portland’s Pearl District. The assemblage consists of 86,445-square-feet of 94%-leased retail condominium units in nine separate, but adjoining blocks, that are currently owned by Hoyt Street Properties.
SKB’s John Olivier said, “we went to Hoyt Street Properties with this proposed assemblage, and are very excited to become one of the largest owners of Pearl District retail.” This is the first sizable ground floor retail assemblage in the Pearl District.
The portfolio includes Park Place, The Lexis, Bridgeport, The Streetcar Lofts, The Metropolitan (pictured), The Encore, Riverstone, Tanner Place and The Pinnacle.
Debbie Thomas Real Estate, who represents SKB in leasing the portfolio, assisted SKB on the sale transaction.
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