Capital Pacific Closes $36.5M Portland Trophy Asset
 For the second time in 5 years Capital Pacific has closed the Uptown Shopping Center and Apartments located in NW Portland. The property consisted of approximately 72,000 SF of retail and 47 apartment units. The center was grocery anchored by Zupan’s Markets whose sales exceeded over $850/SF, just above the property average of $750/SF. Through a focused marketing program, this trophy asset was presented to the most qualified buyers nationwide and through a best and final bidding process Capital Pacific produced numerous qualified offers from both private and institutional clients. Capital Pacific leveraged strong investor demand and was able to push pricing and minimize review periods, allowing the transaction to close in 45 days from start to finish. Capital Pacific represented both the buyer and seller in this transaction. |