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Vista Takes in First PDX Property
Vista Investment Group, in joint-venture with Acre Valley Real Estate Capital, acquired the 171,828-square-foot Nimbus Oaks flex/business park in Beaverton, OR from a global real estate investment manager. The transaction price was undisclosed.
It marks the Santa Monica, CA-based real estate investment fund’s entry into the Portland real estate market. Vista’s Jonathan Barach says, “Nimbus Oaks is a stabilized, high-yielding office property in one of the strongest submarkets in the Portland MSA.”
Built between 1984 and 1985, in part for Nike, the property is located at 9000-9560 SW Nimbus Ave. in Portland’s 217 Corridor submarket. Tenants at Nimbus Oaks include XO Communications, Opus Agency, Kingcom, and the Northwest Regional Education Service District.
Sklar Kirsh’s Andrew Kirsh represented the buyer. JLL’s Buzz Ellis and Paige Morgan marketed the property for sale on behalf of the seller.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition
