CBRE Arranges $45 Million Sale of Attwell Off Main, 165 Unit Mutlifamily Complex in Tigard, OR
14 Nov 2018
CBRE today announced the sale of Attwell Off Main, a 165-unit, multifamily suburban mid-rise in Tigard, Oregon. Joe Nydahl, Phil Oester and Josh McDonald of CBRE’s Portland office represented Capstone Partners, who sold the property to Grand Peaks Properties Inc., of Denver, CO.
Attwell Off Main is a new core asset located in the expanding downtown Tigard submarket. Built in 2017, the 165-unit community offers spacious studios, one-, two- and three-bedroom apartments, and includes six (6) two-story town homes.
“Capstone developed an exceptionally well-built project in a walkable location near job centers and transit,” stated Joe Nydahl, First Vice President at CBRE Portland. “Washington County and Portland’s westside continue to attract national investors as the city continues to grow.”
Located at 12850 SW Ash Avenue, Attwell offers residents a livability advantage with modern and spacious yet efficient units with high-end finishes, tall ceilings and large windows. With contemporary features and fixtures, the property offers a phenomenal living space for its occupants boasting large floor plates and a selection of layouts. The community also offers an array of amenities including trails for pedestrians and bicyclists, a fitness center, a pet grooming station, bike storage and repair and a 1.02 parking ratio.
Attwell Off Main is located 15 minutes southwest of the Portland CBD and directly off Highway 217 and Highway 99. The west side location offers direct north access to Highway 26, otherwise known as the Sunset Corridor, home to Oregon’s highest paying jobs and most concentrated employment growth. This area of Washington County boasts nearly 90,000 high paying technology jobs, and Washington County is expected to experience continued economic expansion. The property is one block from Tigard WES (Westside Express Service) Station, providing commuter rail line access to Beaverton, Tigard, Tualatin and Wilsonville and MAX light rail connections to downtown Portland, Hillsboro, the Portland International Airport, and many employment and recreational centers.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2021 revenue). The company has more than 105,000 employees (excluding Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.