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January 13, 2014

Hillsboro Land Sells for $6.4M

CoStar Group

Justin Tochtermann

Arbor Custom Homes, a residential developer based in Oregon, purchased 10.8 acres at NW AmberGlen Pky. in Hillsboro, OR from Principal Financial Group for $6.35 million, or about $588,000 per acre.

The site has been approved and all utilities are in place for a master planned community. Construction is expected to commence within the first quarter of this year.

Keith Young of Kidder Mathews represented the seller. George Diamond of Real Estate Investment Group represented the buyer.

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