KH Properties Acquires Eugene Retail Center for $5M
Norris & Stevens has brokered the sale of River Road Plaza, a 32,000-square-foot retail property in Eugene, OR. KH Properties LLC purchased the asset for $5.09 million from River Road Plaza, LLC, which was represented by CPX LLC in the transaction. Norris & Stevens’ Todd VanDomelen represented the buyer.
Situated in the Santa Clara neighborhood of Eugene, the property features a mix of services and dining tenants. The asset was 92% occupied at the time of purchase, and has a long history of high occupancy.
River Road Plaza is located at 155 Silver Lane, just off the Randy Papé Beltline Highway 569, and near the River Road Transit Station. The center offers quick and convenient access to downtown Eugene, the Willamette River and the University of Oregon, and is just 10 minutes from Interstate 5.
Mark comes to ConnectCRE with an extensive background as a business and news reporter in San Francisco radio, as well as 35 years as a traffic reporter on several stations including KGO, KNBR, KCBS and KFRC. As a business reporter, Mark covered the tech world in Silicon Valley where he became familiar with real estate transactions in the hot Bay Area marketplace. He attended San Jose State University with a BA in Radio and TV Broadcasting and currently resides in the Lake Tahoe area where he gets to frequently enjoy all of his favorite activities: Golfing, Fishing, Hiking and Skiing.
CRE courses for CE credits
Get CE course credits, centered around all things CRE. View our courses today!