Broadreach Capital Partners LLC acquired from Portland-based Melvin Mark Cos. a 266,000-square-foot office complex in Hillsboro, Ore.

The value of the transaction was $25.1 million.

The project, known as Evergreen Corporate Center, represents Broadreach’s third acquisition in the greater Portland area in the past 18 months, where the company now owns more than 1.5 million square feet of commercial office space, including the U.S. Bancorp Tower.

Evergreen Corporate Center is comprised of three single-story, class A office buildings and one two-story office building located in Hillsboro’s Sunset Corridor area. It includes a 4.3-acre development pad that is approved for a 46,000-square-foot, single-story building. Additionally, each building will sit on its own legal parcel allowing for potential individual building sales to users and investors.

At closing, the project was 44 percent leased to General Electric and PacifiCare.

***

What’s your opinion? Send your Letter to the Editor to opinion@inman.com.

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Success!
Thank you for subscribing to Morning Headlines.
Back to top
Real estate news and analysis that gives you the inside track. Subscribe to Inman Select for 50% off.SUBSCRIBE NOW×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription