November 27, 2018
Oswego Village, a 102,809-square-foot, Whole Foods 365-anchored retail center in Lake Oswego, OR, has traded hands, for a reported $34 million. Charlotte, NC-based Asana Partners purchased the asset free and clear of existing debt from California-based Terramar Retail Centers.
The 84.5%-leased center is located on 7.7 acres at 11 State St., along State Highway 43 in the affluent suburban Portland community. The five-building asset is also anchored by Ace Hardware and home to Tuesday Morning, North Lake Physical Therapy, Banfield Pet Hospital, Great Clips and Subway.
HFF’s investment advisory team representing the seller included Nick Kassab and Bryan Ley.
“Oswego Village is a generational piece of real estate,” Kassab said. “Asana Partners will make significant enhancements, including aesthetic upgrades and attracting retailers that complement and connect with the surrounding community.”
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