Irvine, Calif.-based GM Realty Advisors, developer of Wood Village Town Center, sold the project to M&J Wilkow Properties Inc., a Chicago-based pension fund advisor, in a deal valued at $34.9 million.

The retail/office development is located in Wood Village, Ore., a suburb of Portland. Located at the northeast corner of 223rd Avenue and Glisan Street, it is currently in the final stages of development and will encompass more than 500,000 square feet of retail/office space when complete. The buyer acquired the existing improvements, as well as the development rights to six future pad buildings entitled for retail, restaurant and office uses.

Major tenants in the center at the time of sale included the first Kohl’s department store in Oregon, Starbucks, Party City, Sleep Country, Carl’s Jr., El Pollo Loco and Wireless Toyz. The project is also anchored by Fred Meyer and Lowe’s, which were not part of the sale.

Show Comments Hide Comments
Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Success!
Thank you for subscribing to Morning Headlines.
Back to top
Only 3 days left to register for Inman Connect Las Vegas before prices go up! Don't miss the premier event for real estate pros.Register Now ×
Limited Time Offer: Get 1 year of Inman Select for $199SUBSCRIBE×
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
×