August 3, 2017 Comments Off on True North, KBS Acquire PDX Creative Office for $28.5M Views: 865 National News, Oregon, West

True North, KBS Acquire PDX Creative Office for $28.5M

San Francisco-based Swift Real Estate Partners divested Sixth at Yamhill, a 109,725-square-foot, creative office building in Portland, OR. KBSRA Sixth at Yam, LLC, a joint venture between True North and KBS, purchased the asset in an off-market transaction for $28.5 million.

Sixth at Yamhill is situated at 811 Southwest Sixth Ave. in downtown Portland. The 11-story building was renovated in 2016, and offers completely re-imagined creative office space with 9,600-square-foot floor plates overlooking Pioneer Courthouse Square.

Swift completed a major lobby remodel, repositioned floors three through 11 to creative shell, established a common indoor-outdoor tenant patio on the fourth floor, added basement bike parking and secured the high-end boutique Water Ave Coffee Shop as a retail amenity.

HFF Nick Kucha James Childress and Logan Greer marketed the property on behalf of the seller.

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