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Seattle & Northwest  + Portland  + Retail  | 

West Linn Retail Asset Finds Buyer After Hardware Store Re-Ups

The 47,451-square-foot single-tenant retail property occupied by Parkrose Hardware was renovated last year, and Parkrose recently signed a long-term lease for 10 years. Located at 1855 Blankenship Rd. in West Linn, OR, the property is the anchor tenant to the River Falls Plaza shopping center which includes Chase Bank, Dutch Bros and Subway, among other tenants.

The retail asset recently sold to a Portland private investor for $6.03 million. Avison Young principals Chris Maling and David Maling along with Colliers local market expert Denis O’Neill represented the seller, a court-appointed receiver.

Built in 1998, the property is situated on 5.5 acres and includes 300 parking spaces. The asset features 552 feet of frontage on Blankenship Road, with proximity to and visibility from Highway 205. The property is within the affluent Waterfront Portland metro suburb.

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About Lisa Brown

Lisa Brown has decades of experience in corporate communications and marketing management with organizations including Coldwell Banker Residential, Grubb & Ellis, Marcus & Millichap, NAIOP, SIOR and ALM. In those positions, she worked in conjunction with chief executive officers and chief marketing officers to create corporate messaging, cohesive branding standards, strategic marketing plans and thought pieces. Brown is a frequent speaker at industry events and an editing adjunct professor for an online course. She has a master’s degree in mass communications from San Jose State University.

  • ◦Acquisition