February 19, 2015
KOIN Center in Portland Sells for $88 Million
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Portland, Ore. (February 19, 2015) - KOIN Center, a dynamic mixed-use occupancy building in Portland, Oregon, has sold for $88 million. Investment brokers, Clayton Jew and Dave Wientjes, of Kidder Mathews' San Francisco office represented the seller, American Pacific International Capital, Inc., an international investment holding company with businesses throughout the U.S. and China.
KOIN Center has approximately 355,000 rentable square feet and is located at 222 W. Columbia Street. ScanlanKemperBard Companies, one of the largest real estate merchant banking firms in the Western United States, purchased KOIN Center in a rare opportunity to acquire one of Portland's most desirable assets, and they plan to return the landmark to its original prominence.
"This will be one of, if not the largest, office sale transaction in downtown Portland this year. The sale indicates the continuing growth of investor confidence in West Coast urban markets. Downtown Portland is a highly desirable market and fits this profile," said Jew
About Kidder Mathews
Kidder Mathews is one of the largest independently owned commercial real estate firms on the West Coast, with over 450 real estate professionals and staff in 10 offices in Washington, Oregon, and California. Kidder Mathews offers a complete range of brokerage, appraisal, property management, consulting, sustainability, and project and construction management services for all property types. The firm performs $3.2 billion in transactions, manages 30 million square feet of space, and conducts 1,300 appraisals annually. For more information, visit www.kiddermathews.com.