News Release: Just Sold – Gresham Station Medical Plaza

APRIL 12, 2021

CBRE HEALTHCARE & LIFE SCIENCES CAPITAL MARKETS

JUST SOLD

GRESHAM STATION MEDICAL PLAZA

GRESHAM, OR

TRANSACTION HIGHLIGHTS

DATE SOLD: 4/9/2021

SIZE: ±100,419 SF

OCCUPANCY: 79%

Gresham Station Medical Plaza

CBRE U.S. Healthcare & Life Sciences Capital Markets is pleased to announce the sale of Gresham Station Medical Plaza (the “Property”), a four-building medical office complex located in Gresham, Oregon, approximately 15 miles east of downtown Portland. Chris Bodnar, Lee Asher, Ryan Lindsley, Jordan Selbiger, Sabrina Solomiany and Zack Holderman partnered with Brian Norton of CBRE Oregon brokerage, to act as the seller’s exclusive advisors.

The 100,419 square foot property is currently 79% leased to a mix of healthcare providers, of which 58% are credit-rated. The anchor tenant, Adventist Health Portland, a subsidiary of Adventist Health (Fitch: ‘A+’), recently signed a 10-year lease through March of 2030 for 35,361 square feet (45% of the leased square footage). Adventist Health Portland has been a tenant in the building since it was constructed in 2004. Other credit-rated tenants include Providence Health & Services, a subsidiary of Providence St. Joseph Health (Moody’s: ‘Aa3’), and DaVita (S&P: ‘BB’). Specialties represented at the Property include cardiology, nephrology, primary care, physical therapy, dermatology, asthma and allergy, imaging, dentistry and lab services, among others.

For more information, or if we can help with your healthcare real estate holdings, please contact us.

For more information, please contact:

CHRIS BODNAR
Vice Chairman
Investment Properties
+1 303 628 1711

LEE ASHER
Vice Chairman
Investment Properties
+1 404 504 5965

RYAN LINDSLEY
Senior Director
Investment Properties
+1 303 628 1745

JORDAN SELBIGER
Director
Investment Properties
+1 404 923 1259

SABRINA SOLOMIANY
First Vice President
Debt & Structured Finance
+1 404 536 5054

ZACK HOLDERMAN
Senior Vice President
Debt & Structured Finance
+1 858 546 4670

Local Market Partners
BRIAN NORTON
Vice President
Oregon Brokerage
+1 949 725 8425

www.cbre.us/cm-healthcare

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