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Northmarq Completes $39M Sale of Oregon Retail Center
Northmarq’s Pacific Northwest Commercial Investment Sales team led by Kevin Adatto, Sean Tufts, Scott Frank and Joe Dugoni completed the $39 million sale of Milwaukie Marketplace, a multi-tenant retail center located at 10830 SE Oak Street in Milwaukie, Oregon.
Northmarq represented the seller and was the only broker involved in the sale. “We are excited to have represented a long-standing client in the successful disposition of Milwaukie Marketplace,” Adatto said. “Retail has been a big bright spot in the industry, and we look forward to continued demand in the space through 2025.”
Built in 1989, Milwaukie Marketplace features 185,760 square feet of retail space. Comprised of four buildings across nine parcels located along Highway 224, a primary route connecting Hwy 99E and Interstate 225.
Milwaukie is anchored by New Seasons Market having recently-signed a long-term lease. Other tenants include Planet Fitness, Ace Hardware, Dollar Tree, Pietro’s Pizza and UPS, Subway, Taco Bell, and Starbucks.
