Evergreen Park deal completed

Double-digit vacancy rate reported at closing

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KBS Realty Advisors today announced the purchase of a 10.5-acre light industrial park in Hillsboro, Ore., on behalf of an unidentified buyer. The value of the transaction was not disclosed. The four-building portfolio, Evergreen Park, is located at 11965, 22975, 22985 and 22995 NW Evergreen Parkway. The class A facilities comprise 172,200 square feet and were 83 percent leased to seven tenants at the time of purchase. Evergreen Park, built in 1997, is located in the Sunset Corridor/Hillsboro submarket just outside of Portland. ...