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Rialto Lands Acquisition Financing for Portland Waterfront Office Complex
A fund managed by Miami-based Rialto Capital Management, LLC secured $37.3 million in acquisition financing for Fremont Place I and II, an office campus in Portland’s Pearl District. The two and three-story office buildings at 1650 and 1750 NW Naito Parkway total 123,600 square feet.
JLL Capital Markets’ Casey Davidson and Zachary Kersten arranged the five-year, floating-rate acquisition/bridge loan through a debt fund. Loan proceeds will be used to acquire and transform the project into an urban waterfront campus through a series of interior and exterior renovations.
The 62%-leased property is positioned directly along the Willamette River and offers access to the Max and Streetcar lines, as well as Interstate 450. Originally built in 1987, Fremont Place I and II has been recently renovated and additional upgrades to the interior and exterior, including an outdoor amenity space, are scheduled for the near future.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Financing
- ◦Sale/Acquisition

