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Seattle & Northwest  + Oregon  + Retail  | 

Donahue Schriber Adds 214K-SF OR Retail to Portfolio

Real estate investment trust Donahue Schriber Realty Group bought the 213,849-square-foot Progress Ridge TownSquare from Gramor Development, the project’s developer. The New Seasons Market-anchored center in Beaverton, OR, was purchased through an off-market transaction, which Capital Pacific brokered.

Additional tenants in the center at 14925 S.W. Barrows Rd. include the 14-screen Cinetopia Progress Ridge, Subway Restaurant and Ace Hardware. Much of the 98%-occupied center’s tenants are local and regional retailers.

The sales price was undisclosed, with Washington County, OR valuing the 14.4-acre site at $55.4 million. According to the records, Gramor Development of Tualatin, OR acquired the land in 2010 for $4.5 million.

For comments, questions or concerns, please contact Amy Sorter

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About Mark El-Rayes

Mark El-Rayes is an award winning designer and photographer from Beirut, Lebanon. El-Rayes has over 15 years in the design industry, 5 years of which he served as a Mass Communication Specialist in the United States Navy at Naval Air Station North Island, Navy Public Affairs Support Element - West (NPASE). El-Rayes is a full-stack developer, seo specialist, photographer, and artist.

  • ◦Development
  • ◦Sale/Acquisition
  • ◦Sale/Acquisition
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