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Bentall Kennedy Acquires PDX MOB
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Toronto-based Bentall Kennedy (U.S.) Limited Partnership acquired The Oregon Clinic Gateway Medical Office Building in Portland, OR on behalf of its U.S. core fund for an undisclosed amount. The seller, The Oregon Clinic Gateway Medical Office Building, LLC, was represented by CBRE in the sale-leaseback transaction.
The 101,299-square foot, Class A, LEED Gold medical office building is located on a .97-acre parcel at 1111 NE 99th Ave. in Portland’s Gateway District. Originally constructed in 2006, the facility includes space for medical offices, day surgery, on-site diagnostic imaging and laboratories.
The 100% leased building includes such tenants as The Oregon Clinic, the leading Portland-area multi-specialty physician group, and Providence St. Joseph Health, a 50-hospital healthcare system.
It is Bentall Kennedy’s first MOB investment in Portland. The company has increased its MOB holdings to 23 properties, totaling 1.8 million square feet.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition
