April 17, 2020
Portland-based ScanlanKemperBard (SKB) acquired Parkway Woods Business Park in Wilsonville, OR. The property is a 390,233 rentable square foot office, production and manufacturing campus situated on an 88.28-acre scenic park-like setting.
NKF arranged $36.1 million in acquisition financing for the asset. The Debt & Structured Finance team included Ramsey Daya, Chris Moritz and Stephen Scarpulla. The loan was placed with Bridge Investment Group.
Both SKB and Bridge maintained their commitment to the property amidst volatile capital markets due to the COVID-19 outbreak and executed the transaction with competitive terms.
The property, which is 79.5% leased, is occupied by Xerox, 3D Systems, Dealer Spike and Tualatin Valley Water District. Parkway Woods features efficient, single-story floor plans with modern building systems, abundant green space, extensive freeway visibility and best-in-class amenities. The property borders Interstate 5, and is a 20-minute drive from downtown Portland.
For comments, questions or concerns, please contact Dennis Kaiser