Ashforth Pacific, Inc. let go of a 593,117 square foot portfolio of office buildings this month as it sold six properties in Portland, Oregon for $92 million to San Diego-based American Assets. According to a CoStar report, the portfolio covers six office buildings within four contiguous blocks, including a condominium interest that totals 213,533 square feet in the 20-story Lloyd Tower, the 16-story Lloyd 700 Building, the 710 Oregon Square Building, the 830 Oregon Square Building, the 710 Oregon Square Building, and the Oregon Square 729 Building.
American Assets paid for the portfolio with proceeds from its IPO in January 2011. John Chamberlain, American Asset’s president and CEO, said the company is looking forward to expanding to other markets on the West Coast, including Santa Barbara and Seattle.
For more news and information visit Blumberg Capital Partners.
No comments:
Post a Comment