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July 13, 2017

HFF closes big Portland retail sale

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Jantzen Beach Center sold for $131 million.

Holliday Fenoglio Fowler's Portland office announced the $131.75 million sale of Jantzen Beach Center. HFF represented the seller, the State of Michigan Retirement System fund. Kimco Realty Corp. a large REIT, was the buyer. Developed in 1972, Jantzen Beach Center has almost 760,000 square feet. Tenants include Best Buy, Home Depot and Target. HFF's Nick Kassab and Brian Ley led the HFF sales team.




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