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Seattle & Northwest  + Portland  + Retail  | 

Portland’s Tupelo Alley Trades in $58M Transaction

Tupelo Alley, a mixed-use community with 188 apartments units and 10,000 square feet of retail in Portland’s North Mississippi Avenue neighborhood, has traded hands for $58 million. The buyer was a joint venture between Vancouver, WA-based Holland Partner Group and Pacific Life Insurance Company.

The asset is situated on 1.44 acres at 3850 N. Mississippi Ave., the retail center of the Boise-Elliot neighborhood. Completed in 2009, the three-building, LEED Gold-certified property includes ground-level retail and apartment units that feature a mix of studios, one and two-bedroom floorplans. The community includes indoor and outdoor gathering spaces for residents for activities such as billiards, ping-pong, barbequing and working out.

JLL’s Ira Virden and Carrie Kahn represented the seller, institutional investors advised by J.P. Morgan Asset Management, and procured the buyer. JLL’s Charles Halladay, Rick Salinas and Charlie Watson secured $37.7 million in acquisition financing for the new owners.

For comments, questions or concerns, please contact Dennis Kaiser

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About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

  • ◦Sale/Acquisition
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