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Seattle & Northwest  + Office  | 

Portland’s Broadway Tower Office Development Sells for $133M

The office condominium interest in Portland’s 19-story, newly-constructed Broadway Tower has changed hands in a record deal reportedly in the neighborhood of $132.5 million. Principal Real Estate Investors acquired the 430,000-square-foot mixed-use tower at 1455 S.W. Broadway from BDC/Broadway Office LLC.

The transaction did not include the 180-room Radisson RED Hotel component. The LEED Gold-certified asset is 99% leased to such tenants as Amazon, Markowitz Herbold, Cable Huston and Lawyers’ Title.

NKF’s Nick Kucha, James Childress and Jeff Hodson represented the seller, along with Kevin Shannon and James Ikeguchi. The buyer was self-represented.

Kucha says, “Broadway Tower is one of the most successful ground-up developments in the city’s history, and is a prime example of high-quality real estate attracting high-quality tenancy.”

The high-rise office tower was developed by BPM Real Estate Group in 2018, and has 11 floors of Class A office space with exclusive decks on the top three floors.

For comments, questions or concerns, please contact Dennis Kaiser

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About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

  • ◦Financing
  • ◦Sale/Acquisition
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